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Only then will the current tenant s lease be terminated. 2. All damages to the unit caused by the original leaseholder must be settled between the current leaseholder and incoming leaseholder. All damages assessed during move -out inspection will be appropriated to new leaseholder at the end of the lease term. 3. You will owe 100 of rent until new lease holder s lease commences. 5. The security deposit will be dispersed to current leaser within 30 days after the new tenant s lease commences...
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How to fill out lease takeover notification

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How to fill out lease takeover notification

01
Start by obtaining a copy of the lease takeover notification form.
02
Read the instructions and requirements provided with the form.
03
Fill out your personal information, including your name, address, and contact details.
04
Provide the details of the original lease agreement, such as the lease start and end dates.
05
Include the reason for the lease takeover and any relevant supporting documentation.
06
Provide details about the new tenant who will be taking over the lease, including their name, contact information, and any references.
07
Attach any required documents, such as a copy of the new tenant's rental application or proof of income.
08
Review the completed form for accuracy and completeness.
09
Sign and date the form.
10
Submit the lease takeover notification form to the appropriate party or agency as instructed.

Who needs lease takeover notification?

01
Any individual who wants to transfer their lease agreement to a new tenant needs a lease takeover notification.
02
This includes individuals who are moving out of their rental property before the lease term ends.
03
Landlords or property management companies may also require tenants to submit a lease takeover notification for administrative purposes.
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