Exiting a Housing Agreement early on account of down sizing.
HI,
I have a newbie question.
After many years of living in company family accommodation we have recently been sent notice to move out to private villa/flat and to take company allowance instead.
When searching around I found that as a standard practice the landlords are taking an advance deposit and post dated checks for each of the 12 monthly payments into the future, at the time of signing the contract.
My question is that after entering into a one year contract, what happens if the company again goes through another downsizing effort and you are let go ?
If this happens during the middle of your 12 months private housing contract -- are we at liberty to exit the when our Residence Permit is cancelled by the company ad we close all pending bank accounts ?
I just want to confirm that whatever remaining checks are pending with the landlord (for the remainder of the original 12 month agreement) are considered void and there will not be any problems leaving in the middle of the agreed term.
Any sound advice from fellow readers would be appreciated.
Thanks.
Please add the termination clause at the time of signining the agreement. They will not return you your cheques unless you vacate your accomodation and they verify the house for damages. usually these agencies take cash advance as security deposit
In such an event, it is best to give a copy of the termination letter from the company to the landlord or the Real Estate Agent whoever is holding your cheques. You should endeavour to give them at least a month's advance notice. Suggest you do this through email or courier service so that you have some proof in writing. Do make sure to take back the unused cheques from them. That is important.