Is it permissible to cancel a lease contract by one party notifying the other a month in advance, even if the second party does not agree?
(leasing/hiring) is divided into two categories: binding (lazimah) and non-binding (ghayr lazimah). Non-binding ijarah (also known as "mushaharaha" or "muyawamah," meaning monthly or daily) is when the wage is determined by the day, month, or year. This type of ijarah is not binding on either party unless the lessee pays the rent or begins to use the leased item. As for binding ijarah (also known as "wajiba"), it is when the duration is precisely specified, such as renting a house for a specific year. This type is binding on both parties, and neither party has the right to unilaterally terminate it without the consent of the other. However, if both parties agree to allow either of them the right to terminate at any time, then the ijarah reverts to the ruling of mushaharaha.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
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