Which fee is charged when a person leaves a property?

The fee charged when a person leaves a property is commonly known as an Exit Fee. This fee is often associated with the costs incurred by the property owner or management to process the departure of a tenant or resident. It can cover expenses related to cleaning, repairs, or administrative tasks linked to the lease's termination.

Understanding the concept of an Exit Fee is important, especially in contexts such as manufactured housing or rental agreements, where specific fees may be stipulated in the lease terms. This fee serves as a guideline for residents to prepare for any obligations they have upon leaving, ensuring that they are aware of the financial implications associated with their departure.

The other options do not accurately capture the concept related to leaving a property. An Entrance Fee typically refers to the initial cost incurred when entering into a property or community, while Liability for Costs generally pertains to financial responsibilities during residency rather than at the time of exit. A Penalty Assessment might relate to fines for violating lease terms but does not specifically address the departure process like an Exit Fee does.