Is it possible to terminate my lease early? I am not comfortable with strangers coming into my home while I am away. I feel this is an invasion of privacy. My yearly lease is up on March 1. I offered to move out by Oct 1 and I will also pay the rent until Nov. 1 and they said no. Is it feasible for them to sue me for the four months rent? Is it even worth it for them. Technically, I am giving them two and a half months notice to find another tenant or to sell the condo. I think that is very reasonable. They are looking at selling the unit for over $200,000 and I pay $1000 a month. With that much negative cash flow they have no prayer of selling this thing anytime soon. Any thoughts are appreciated.
2006-08-19 08:17:21 · 10 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Also, I never paid a security deposit only the first months rent.
2006-08-19 08:20:45 · update #1
But I am giving them quite a bit of notice. I understand I am bound to my lease. But people break leases, it happens in life. Is it worth it for the landlord to pursue legal action for four months rent? I don't see how they can go after my credit because I have and am paying rent on time every month and I will be sending them a certified letter stating that I am moving out by the end of September.
2006-08-19 08:36:13 · update #2
You need to find a middle ground. If they don't want to let you out, leave the state of the condo in an absolute wreck. They will not want to show it anymore. They want you to stay because an occupied place sells more quickly than an unoccupied place.
Check your lease on the LL's availabilty of the unit. Check w/ local authorities as to what your rights are on people comming through your rented place, they may HAVE to have your permission to show it.
2006-08-19 08:30:33 · answer #1 · answered by Manny 6 · 0⤊ 1⤋
You are liable for the remainder of your lease.
They have to respect your wishes and show the unit when it is convenient for you. However, you should not be present for he showing just as if it were your property on the market. A Realtor will be with any prospective buyers, and they will not be rifling through your belongings.
If it is worth it to pursue the remainder of the lease is something only they can answer. The amount of notice you are giving is not the issue. They own the unit, and can put it on the market if they choose. You can choose to stay until the end of your commitment or not. If you damage the unit (as some are suggesting) they most certainly will look to take action against you, and will surely win.
You can't help the way you feel. If you can't overcome those feelings knowing it is temporary until your lease is up, move. If you are able to accept the fact that at most a few people will be coming in, with your knowledge, stay until the end of Jan and pay Feb rent.
2006-08-19 08:28:39 · answer #2 · answered by Sharingan 6 · 0⤊ 0⤋
You are bound by the terms of the lease. If they will let you out early, get it in writing stating every detail. If the owner wants to sell it, it is their right to do so. Their real estate agent has the right to show the apartment during reasonable hours and should give you advance notice. The fact you are paying $1,000 a month is irrelevant to the value of the condo. If the market will support $200,000, that is what they will get. The new owners may want to live there and will not move in until your lease is up.
2006-08-19 08:26:14 · answer #3 · answered by brucenjacobs 4 · 0⤊ 0⤋
option 1: Have a friend call the Real Agent tell they really like the place but will not by or sign anything until the property is vacate.
Option 2: This happen to me. My apt was the nices in a very small complex. the owner wanted to sell the units and give 72 hours notice. i explained i didnt want anybody in my apartment unless i was their and tried to make other arrangements. i was very mad so that day before i left for work i completely trash the place and turn the heater on. The owner did not sell and gave me a 30 day notice to vacate the premise.
Option 3: Changes the locks. and if these do not work tell the owners if anything is missing from your place you will sue them.
2006-08-19 09:12:47 · answer #4 · answered by babygirlisdeep 2 · 0⤊ 1⤋
Welllll my suggestion would be if you wanna get out of there and have already approched them you have given them the alloted notice. Move,,,,if they are selling it and want access to your unit while you are not there that is enough reason to vacate (the lease say NOTHING about allowning strangers into ur unit other then the landlord right?). Only thing you will not be garanteed is that they will not pursue the matter through ur credit....me i have rented several times and one time I HAD to leave due to a situation the landlord would not righten....nothing ever happen to my credit ect. Soooo it will be a gamble...best of luck!
2006-08-19 08:27:44 · answer #5 · answered by AngelicSmile81 2 · 0⤊ 1⤋
Huh, I would think you could cause a big problem for the present owners if they happened to find a buyer immediately who wouldn't purchase unless you were moved out; Heck, if they're selling the condo for only 200k, why not buy it yourself? You probably wouldn't be paying much more in mortgage (maybe even less) if you took out a 30 year mortgage; Check with your local landlord/tenant bureau in your area to see what your rights are...
2006-08-19 08:30:55 · answer #6 · answered by sweet ivy lyn 5 · 1⤊ 0⤋
Yikes...that stinks...i wouldn't want people coming in my house either....my first thought was "Dead Bolt"...but that might really make them mad....my lease states that i have to give thirty days notice after the year was up ...and that they have the right to enter the property to show it....you would be taking a risk of them suing you ...but they would have to find you to serve papers...and it would be an additional expense....they could also report it to your credit ...and it wouldn't be a good reference for the future landlord...
2006-08-19 08:43:25 · answer #7 · answered by selena 1 · 0⤊ 0⤋
You're stuck. I agree with Manny...leave the place a WRECK. Play loud, nasty metal music while you are gone. Keep the kitchen disgusting. Unplug lamps or slightly unscrew light bulbs. Don't make your bed. Leave a trail of clothes on the floor, boxes of condoms laying around. Condoms in the kitchen are always good. Do enough damage to make it embarrassing for the owners, but easy to fix when you get home.
2006-08-19 12:04:48 · answer #8 · answered by Anonymous · 0⤊ 1⤋
The lease stays with the sale. The new owners are bound by it too.
2006-08-23 00:28:24 · answer #9 · answered by Barbwired 7 · 0⤊ 0⤋
specific the recent proprietor can. for this reason has your previous land lord had given you a prior written or verbal warning pertaining to to a similar (that he is going to sell the apartment). have you ever accomplished criminal settlement with previous land lord pointing out the commencing up and end date of your stay. Its extra handy and additionally extra complicated it you're thinking the criminal way out. relies upon on paper's and legalization.
2016-10-02 07:14:33 · answer #10 · answered by ? 3 · 0⤊ 0⤋