Can I break my lease?

Question

My apartment is being converted into condos, and I want to end my lease early. Is the conversion a cause to allow me to break the lease?

Answer 1

Did u check the details in your lease agreement? If it states u can, then go ahead! But some lease are very detailed and binding that it is more advantage to the landlord then the rentor!

Answer 2

Depending on the state in which you reside, it could be. Once an apt building turns condo, the residents either have an option to terminate the lease early, or begin the process of obtaining a mortgage to purchase the condo.

I would suggest making an appointment with a Real Estate Lawyer--to go over your lease. The lawyer can go over your papers in less than an hour and tell you, what your rights are--they charge anywhere between $150.00 an hour. Or just call the Property Management Company, and ask them straight out--what this conversion implies.

Answer 3

You'd have to read your lease agreement (contract). Also, try to find out when they knew the building would be converted into condos, and compare that with the time you signed your lease. If they knew before you signed your lease and did not include any language in your agreement, that doesn't look good for them. They offer the lease agreement on a take it or leave it basis (contract of adhesion), and any ambiguities are going to be construed against them (they drafted the contract).

You could always pull the "my job is relocating me" trick, and have someone write you a note on your job's letterhead that you'll be moving. Believe it or not, if you're honest with the employer, they might go ahead and do it, but not blatantly lie, just twist is such that they think you're moving. Two of my friends' jobs did this for them to get out of their leases.

Answer 4

You must be crazy if you want to do that. If I were a property owner who is in process of condo conversion I would be delighted to cancel your lease. Most of the time when property is being converted to the condominium tenants are entitled to a relocation fee which can be as high as $10,000 or even more per unit. I do not recommend you to ask for cancellation, call your city or landlord and ask them what the relocation fee that they are willing to pay. You can make some good money. I wish I lived in the project that's being converted. LOL.

Sincerely,

Vladimir Rozumniy
Sr. Vice President
Tel: [phone]
http://www.amregroup.com

Answer 5

read the contract you signed. the contract should specify that you signed on for an apartment, not a condo. if you can find that in the contract, then the contract is null and void, and you are not obligated to pay a penalty to break the lease because it's already been broken.

hope that helps. :)

Answer 6

I would advise you to do some homework on the subject. Get your facts right. I f you find out that you can. Bring that information with you when you go to break your lease. Being prepared is your best way to solve this.

Answer 7

It depends on laws in your area. You should check with the others involved in this contract -- the lessors. The easiest way out is for them to agree to let you out of the lease given this change of circumstances. Get that in writing. If they won't agree, it still might be possible depending on laws in your area. The circumstances have changed materially.

Answer 8

I wouldn't be so fast to move if I were you.

They may pay you for early termination so they can renovate and sell the unit vacant.

Answer 9

call legal aid in your state or else landlord and tenant code office for your state~~~(legally I don't see the problem, after all they want you out anyways and your going to need time to find a place and be ready to go after you find one...............