Lease Termination Fee Calculator

How to calculate Lease Termination Fee calculator?

This calculator estimates the penalty for ending a lease early by comparing the lease's specified fee methods and applying any additional charges or deposit offsets.

Key formula: estimated_termination_fee = max(fixed_termination_amount, (termination_percentage/100) × original_monthly_payment × remaining_months, months_rent_for_termination × original_monthly_payment) + additional_costs - security_deposit_amount

Using the Lease Termination Fee calculator calculator: an example

Example inputs (realistic): monthly rent $1,200, 6 months remaining, 50% termination percentage, $150 additional costs, $500 security deposit offset.

Step-by-step calculation:

1. Calculate percentage-based fee: 0.50 × $1,200 × 6 = $3,600.
2. Compare alternatives (fixed fee or months' rent) and take the applicable amount — here percentage fee is used.
3. Add additional costs: $3,600 + $150 = $3,750.
4. Subtract security deposit offset: $3,750 − $500 = $3,250 net estimated penalty.

Frequently Asked Questions

Can my security deposit fully cover the termination fee?

The security deposit may be applied up to its full amount, but any remaining balance after offsetting fees is typically owed to the landlord. Check your lease for deposit use policies.

Which termination fee type does the calculator use?

The calculator evaluates the fee types your lease lists (fixed amount, percentage of remaining rent, or months' rent) and applies the method specified in your agreement or the option you select.

Are legal or court fees included in the estimate?

No. This estimate covers termination fees, additional charges you enter, and deposit offsets. It does not include potential legal, collection, or court costs unless you add them as additional costs.