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There are alot of great answers to my previous question about paying or abandoning our last months lease to move into our new home. We already know that it could possibly hurt us in the long run, but we have decided that we would pay off the balance throughout the next several months. We have even thought about being honest and just telling our leasing agents what we are contemplating doing, but fear they will only threaten us for thier money even harder. I mean it's the final month of our lease, what is the worse that could happen? If any legal actions, or the effect or our credit were to happen, Im sure it wont happen to well after we have moved into our new home.

2006-07-02 04:48:59 · 9 answers · asked by loveshy34 2 in Business & Finance Renting & Real Estate

9 answers

Leases can usually be broken by claiming that you are moving due to an employment transfer.

Try that! There is usally a waiting list of people wanting to move into rental units, so it probably wont be a big deal to get out of a lease with such a short time left in it.

2006-07-02 04:52:50 · answer #1 · answered by werk2much2000 4 · 0 0

There's no problem with you leaving your apartment in the last month of your lease as long as you have paid the rent.

When you close on your house you typically won't start paying on the mortgage until two months after closing (unless you close near the first of the month and then payment will be due the next month). So if you do have a month without your mortgage payment, then couldn't you afford to pay the last month of rent?

Either way, talk to the leasing agent and see if you can work out a payment schedule where you can at least spread the lease payment over 2-3 months.

2006-07-02 04:54:52 · answer #2 · answered by jamie5987 4 · 0 0

Always, always tell the truth. If you signed a lease with your landlord that is a legal binding document. The management company could take you to court which will cost you even more money.

Sit down with the complex manager and explain. You should have done this when you began hunting for a house, but better late than never.

Sorry, coloryst, but the tenant usually has to offer a Social Security number and too, a charge/debit card number. The tenant can be traced.

Don't think you can ever get away with this. They will find you and the consequences will be harder.

2006-07-02 04:53:53 · answer #3 · answered by Blue 6 · 0 0

If you could afford a new house then why can't you come up with the money to pay off one month's rent? How much is it? It is sure to catch up with you later on. Why create an unnecessary headache? The mortgage company can become aware of it and may even ask you to put more money down. I don't know all the problems that can happen but seems like you are asking for it.

2006-07-02 04:56:50 · answer #4 · answered by Anonymous · 0 0

I sounds as though you've already made up your mind, but I think you're making a bad choice.

I've been in the exact situation you are in now. I gave the landlord 30 days advance notice, so they had time to rent the property out. They had two months worth of rent in a security deposit. They still took me to court saying I owed them $1400 dollars. They made up an itemized list of damages that I made to the apartment (none of which were true, but I had no way to prove otherwise). There is now a judgement on my credit report that is lowering my credit score significantly and they are garnishing my wages.

Just pay the last month's rent. Chances are, you'll get your security deposit back and break even.

2006-07-02 07:44:52 · answer #5 · answered by Anonymous · 0 0

Do not do it. I did it, "only one month left, what could it hurt." that is what I said. Well they hit me for about two grand in different things. Just pay the money now, you don't want the headache later on.
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2006-07-02 04:52:52 · answer #6 · answered by Bacchus 5 · 0 0

There are 50 other States you know.

2006-07-02 04:51:36 · answer #7 · answered by Anonymous · 0 0

I would aband it and see what happen
maybe the landlord are just too happy to see you GOOO so they can increase their rent

2006-07-02 05:13:48 · answer #8 · answered by n K 4 · 0 0

If you leave without leaving them a forwarding adress then they can never contact you...without this they can never legally charge you. Best wishes

2006-07-02 04:53:26 · answer #9 · answered by colorist 6 · 0 0

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