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The given statement if you leave the rental before the lease term is over, you will most likely pay a penalty is True.

The end date of your tenancy must be specified in a signed lease for it to be enforceable. Written tenancy at will agreements is those that do not specify an expiration date.

Check the first 10 or 15 lines of your lease to check if your lease automatically extends if it is still in effect and if you intend to vacate on the day it expires.

If your lease automatically renews, this is known as a self-extending lease, and you must notify your landlord that you intend to vacate. You must provide the landlord with your notice in writing by a specific deadline. For the notice period stated in your lease, check it.

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