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I am the renter about to lease a house for 12 months (monthly rent $3,200). There is an addendum with the lease - 'Early termination fee/ Liquidated damages'. The 2 options states below are mentioned. There is a significant probability that I might end up buying my own house before the lease expires and hence move out of the rented house. I was wondering which of the following options is better for me?
Option 1. I agree to pay $6,400 as liquidated damages or an early termination fee if I elect to terminate the rental agreement and the landlord waives the right to seek additional rent beyond the month in which the landlord retakes possession.
Option 2. I do not agree to liquidated damages or an early termination fee, and I acknowledge that the landlord may seek damaged as provided by law