The cost to buy out an ADT contract can vary depending on the specific terms and conditions of the contract. Generally, if a customer decides to terminate their contract with ADT early, ADT may charge them 75% of the monthly service charges for the remaining balance of the initial contract term.
This means that if you have, for example, a three-year contract with ADT and you decide to cancel it after the first year, you may be responsible for paying 75% of the monthly service charges for the remaining two years of the contract. The exact amount will depend on the monthly service charges specified in your contract.
It’s important to carefully review the terms and conditions of your ADT contract before signing it to fully understand your obligations and potential costs in the event of early termination. It’s also worth noting that some contracts may have different termination fees or penalties, so it’s always a good idea to clarify these details with ADT directly.
In my personal experience, I had an ADT contract for home security services. Unfortunately, I had to terminate the contract before the initial term was completed due to a change in my living situation. When I contacted ADT to discuss the termination process, I was informed about the 75% buyout fee. While I was initially disappointed with the cost, I understood that it was outlined in the contract I had agreed to.
To summarize, the cost to buy out an ADT contract can be significant, as ADT may charge 75% of the monthly service charges for the remaining balance of the initial contract term. It’s crucial to carefully review the terms and conditions of your contract to understand your obligations and potential costs in the event of early termination.