Tenant’s Cancellation Rights
Can a tenant cancel after they’ve signed the life lease?
As long as the tenant hasn’t taken possession of the unit, they have seven days to cancel. This is called a cooling-off period. The seven day cooling-off period starts the day after the landlord gives the tenant the “Tenant’s Right to Cancel” statement, whether or not the tenant has already signed the life lease.
When the landlord gives the tenant the life lease, they must tell the tenant, in writing, about their right to cancel. The information must be easy for the tenant to find. A good way to do that is to include the information on the first page of the life lease under the heading, “Tenant’s Right to Cancel”, or on a separate cancellation statement.
To cancel, the tenant must give the landlord written notice by:
- handing it to the landlord or the landlord’s agent
- delivering it to the address the landlord gave the tenant
- fax, only if the landlord has told the tenant, in writing, that it’s appropriate.
The tenant should keep a copy of the cancellation for their own records.
If the tenant cancels legally, the landlord must refund the full entrance fee within 14 days after the tenant gives the notice.
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