Instead, they terminate the agreement simply with the right notice and cannot be punished for it. Luckily for me, he chose not to. Learn five times that a tenant may be able to get out of a lease without penalty for breach of contract. If you have a rolling or periodic lease, you can terminate your lease at any time with the required notice. But that`s another story when you`re on your way to a fixed-term lease. There are a number of legal reasons for terminating a lease that vary slightly in each state and territory, but you usually need to make an order to your local jurisdiction for them to apply. Without a legal reason, the termination of your lease could be treated as a termination of the lease.