Leases are either cancellable or noncancellable. A cancellable lease enables the lessee or the lessor to terminate the rental period without consequences and extra fees. A noncancellable lease prevents either party from terminating the lease before the agreed end date. The deposit and all related expenses are nonrefundable.
In rental agreements, landlords should specify the cancellation period so that tenants can recover any fees that they are legally entitled to.