Which of the following is a common reason for termination of a lease agreement?

Prepare for the VanEd National Real Estate Exam. Study with interactive quizzes and detailed explanations. Get ready to ace your test with confidence!

Mutual consent is a common reason for the termination of a lease agreement because both the landlord and tenant can agree to end the lease before its scheduled expiration. This mutual agreement allows both parties to negotiate the terms of termination, ensuring that there are no disputes or penalties resulting from the early end of the tenancy.

Other factors might not lead directly to a formal lease termination. While a change of ownership can affect the rental relationship, it does not automatically terminate the lease unless explicitly stipulated. Similarly, failure to pay property taxes is typically the landlord's responsibility and does not directly affect the lease agreement unless the terms specify such a condition. An increase in rent might cause friction but does not, by itself, result in termination unless the lease allows for such outcomes or the tenant chooses not to renew the lease under the new terms.

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