Glossary of Terms

Lease Termination Fee 2015-11-11 08:00:00

Lease Termination Fee

A payment made by the tenant or resident to the landlord in order to legally end a lease early and not be held liable for the remaining time. Lease termination options and fees may be defined in the lease. In the context of a Delaware Statutory Trust (DST), when the property is sold and the DST is dissolved, a termination fee may be due from the DST to the master tenant for ending its lease as not to encumber the property for the new property owner.

 


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