how can you break a one year lease when your landlord is in a forecloser? he was already behine on his payments and we did not know anything about this, we know now that the bank will be taking it sometime,but we dont want to wait until winter weather set in too move. all that people tell us is keep paying your rent, I think we should save our money to move out.
2006-09-12 23:50:12 · 2 answers · asked by carlabrkr 1 in Home & Garden ➔ Other - Home & Garden
Your lease agreement is a legal contract and you are bound by it's terms. There is value attached to your lease, and the bankruptcy trustee, or his/her designee, will assume the duties of landlord and you are still obligated to abide by the terms of the lease. In order to vacate the lease, you need to hire an attorney.
Good luck with your situation.
2006-09-16 20:53:44 · answer #1 · answered by exbuilder 7 · 9⤊ 0⤋
I was in the same situation & no I didn't give the landlord the rent I used it for another place & that landlord couldn't do nothing plus the town helped us out as well cause the landlord never told us about his situation so there's no need 2 break your lease you'll be fine look for another place & don't pay him another dime.Our story hit front page news when it happened there were 4 families involved..Good Luck
2006-09-13 07:01:11 · answer #2 · answered by sugarbdp1 6 · 0⤊ 0⤋