You should notify us in writing of your intent to move including the date you intend to move out. You may use our Contact Us page for Current Tenant regarding “Notice to Vacate”. We will make every effort to mitigate our potential rent loss by trying to rent the apartment as soon as possible. You will be held responsible for paying the rent through the end of your lease term or until the apartment is rented (whichever occurs first). You will also be held responsible for any necessary leasing fees incurred by the property owner.
As far as receiving your security deposit back, by law, the answer is “No” in most cases. In the event that the lease is being broken early within the initial term of the lease, then the security deposit is automatically forfeited.
In the event that the lease is being broken within a lease renewal period then Bell Realty will typically try to work with a tenant to refund a portion of the security deposit on a case by case basis assuming you have paid the rent through the end of your lease term or until the apartment is rented (whichever occurs first) and have reimbursed the Landlord any leasing fees incurred (if any) to rent the apartment. In addition, to qualify for refunding the security deposit the following conditions must be met:
- The Resident is in good standing and owes no balance.
- The Resident has provided written notice at least 30 days in advance expressing a desire to vacate the unit providing a specific leave date and a forwarding address. You may use our Contact Us page for Current Tenant regarding “Notice to Vacate”.
- Resident will provide reasonable access to the unit to a broker designated by Bell Realty, if requested, to show prospective future tenants. Residents should not attempt to rent the apartment on their own or attempt to sublease the apartment. Applications through third parties will not be considered.
- Apartments are not considered fully vacated until the keys are returned to the Superintendent or Bell Realty and the apartment is left in broom clean condition. This should occur prior to the end of the month. Keep in mind that most leases are signed on the 1st or the 15th of the month, the more time you provide the Landlord to rent an apartment the more likely you would be to receive a portion of the security deposit back.
- All move-out procedures should be properly followed and remember, an apartment is expected to be returned to the Landlord in the same condition as it was given, minus normal wear and tear.