Written by David Campbell
We understand that the cancellations and shutdowns in connection with COVID-19 have created new burdens for our residents. Please understand that our company has not escaped without the consequences either. At this time, neither the government nor our lenders have enacted any mortgage payment relief.
As a result, we are unable to change our policy on allowing residents to terminate their leases without further obligation. In the event that circumstances change, we may revisit that decision. Until that time, it is our expectation that our residents will honor their contracts, just as we are being required to honor ours.
If you choose to break your lease before you move out date. You will be required to give us a 30-day notice, pay liquidated damages in the amount of 1 months rent and forfeit your security deposit.
Please do not hesitate to contact us with further questions.