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Rental agreement is always terminated in a written form. A telephone call or email notification is not sufficient termination of the agreement. If there are many parties in the rental agreement, all agreement parties must terminate the agreement according to the instructions below.

How to terminate a rental agreement:

The notice period is one (1) calendar month, as per the Act on Residential Leases. The notice period is calculated from the last day of the calendar month in which notice was given to POAS. For example, if you terminate your rental agreement during January, your tenancy ends on the last day of February.

When the lessor gives notice on a rental agreement the notice period is six (6) months if the lease has lasted uninterruptedly for at least one (1) year immediately before the giving of notice. Otherwise, the notice period is three (3) months.

Electronic termination of rental agreement

Cancellation of parking spaces

The parking space is concluded and cancelled separately from the lease of the apartment. All parking spaces have a one-month (1 calendar month) notice period. The period of notice is calculated from the last day of the month in which the cancellation was made. Residents must cancel their own parking space contracts in the eParking system in compliance with the terms mentioned above. The right of use of the parking space ends on the last day of the month, even if the resident(s) have the right to use the flat after the day in question. The contract ends automatically without notice if the parking fee has not been paid within two weeks (2 weeks) of the due date. Parking control wardens have the right to fine vehicles in unpaid spaces.

Preliminary inspection and final cleaning

When a rental agreement is terminated, a preliminary inspection is arranged. It is carried out by an apartment inspector. We will inform you of the time of the inspection beforehand.

When moving out, the apartment must be cleaned thoroughly and entirely before returning the keys. Please see more detailed instructions below.

Instructions on final cleaning and apartment inspection

If some tenant or tenants will stay in the apartment

If you wish to terminate your part of a rental agreement, both tenants must terminate their shared agreement first!

In these cases, too, the notice period is also one calendar month, as per the Act on Residential Leases. The notice period is calculated from the last day of the calendar month in which all parties have terminated their agreement. For example, if all parties terminate their agreement during January, your shared lease agreement ends on the last day of February!

In connection with the termination notice, inform the office which tenant would like to continue renting the apartment. If there is no reason for discontinuing the agreement, a new rental agreement will be sent to be signed.

If the security deposit is in the name of the person moving out, it will be returned to the person in full, unless they give permission to transfer the security deposit into the name of the remaining tenant(s).

If the security deposit is returned to the person moving out, the remaining tenant(s) will have to pay a new security deposit. If the person moving out agrees to leave the security deposit in the name of the tenant(s) remaining in the flat, a written consent is required from that person

If you terminate the agreement by filling in the termination notice form, please fill in the security deposit form also. If you terminate the agreement electronically, inform us on the electronic form what we should do about security deposit.

The tenant moving out does not have to return their key, and in these cases there will be no apartment inspection. For further information, see changes to tenants.

Termination bonus

If the rental agreement is terminated a minimum of two (2) months beforehand, POAS provides a termination bonus of 50,00 €. Termination bonus is paid to the tenant if notice of the termination of the rental agreement is submitted no less than two (2) months before its end.

The termination bonus is paid on the following conditions:

  • The termination notice is submitted no less than two (2) months before the end of the rental agreement.
  • The tenant does not have any debts (unpaid rent, parking space fees, or other) to the lessor. The bonus cannot be used to reduce debts.
  • The security deposit is fully returnable (the apartment has been cleaned properly, the keys have been returned, etc.).
  • Termination bonus is paid at the same time with the security deposit refund, to the bank account provided by the tenant.
  • The bonus does not apply to moving from one POAS apartment to another, or to cases when another party/other parties of the rental agreement remain in the apartment (i.e. the apartment is not vacated).

Returning keys

When your rental agreement ends, you must return the keys to POAS office or the letterbox of the office before 12pm on the first business day after the end of your tenancy. If keys are returned after 12pm, a fee will be collected as shown on price list. More information of the returning can be found from keys.

Refunding the security deposit

A security deposit is submitted to the lessor as a guarantee of fulfilling all the obligations of the rental agreement (paying the rent and other fees, taking good care of the apartment, etc.). The security deposit is not an advance rent, and it cannot be used to cover unpaid rent during tenancy; it cannot be touched at all before the end of the tenancy.

No interest is paid on the security deposit.

POAS refunds the security deposit to the tenant’s bank account within three (3) weeks of the tenant returning the keys, or after a potential new inspection when the apartment is vacated, unless it is necessary to make deductions from the deposit. Usually the security deposit is refunded on the 15th day of each month.

The following, among others, can be deducted from the deposit:

  • the lessor’s receivables (rent and other fees, debt collection and legal costs, penalty interest)
  • re-keying of locks/replacement of lost keys
  • compensation for deliberate damages to the flat
  • cleaning and repairs carried out at the lessor’s request, due to the condition of the apartment

Find out more information about final cleaning as well as returning keys and deposit refund from our tenant guide.