Will breaking my rental lease 6mo early present a penatly?
Question:
The house we found is ready for rent May 1st. We presented the problem to our management source and the landlord one month prior to a plan move. He(the landlord) said it was too early to vacate, not until Nov. We plan on moving anyway, but need to know what the penatly is and for vacating early.
Answer:
I was in this similar position years ago when I rented a house in NC. I was stuck until the end of the contract legally. Signing a rental agreement is a contract that you must honor or you can be sued. We got along with the house owner as he was looking to sell the house.
Offer to help him/her sell the house or find new tenants. Help him/her fix up the place, keep it clean, paint it , etc. to help get it ready to sell or re-rent. Then help the owner find new tenants/ owners. We did this and he sold the house within a couple of months. We then were released from our contract. Don't expect to get you deposit back though.
Read the rental agreement.
Most likely you are liable till the termination date of the contract unless you can get someone to assume the lease and the landlord agrees to it.
Yep.
Reread the contract.
Most have clauses for job changes (relocation) and medical health reasons. But each is different.
However, some only have an early termination fee of a month.
If you can work with the landlord, you might reach an agreement.
But a contract is a contract.
re-read your lease to see if there is a buy out clause, if not legally you will be liable for the full term of the lease, but also under contract all if a party breaches the lease each party even the landlord has a duty to mitigate his/her damage as such must try to re-rent the place,
they may charge you the rent lost until re-rented plus advertising cost, my best answer would be go to the landlord and offer two month buy out, which in reality is probably want a judge would give them
if refuses ensure you give the landlord your forwarding address because when he/she sues you for remainder of the rent you will need to show up to defend yourself and question the landlord on how he/she tried to mitigate there damage for a judge will not
Answer me this.how would you feel it the landlord/management came to you and said that you need to leave before the lease expires...pretty upset I bet. You signed a contract for a certain amount of time, and thus are obligated to it or pay what ever penalty is outline in your lease.
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