Can a realtor break my apt lease?

Question

I want to buy my first home but I still have months to go on my apt lease. Is there any way I can break the lease so that I can go about buying a home?

Answer 1

Discuss this with your landlord. He or she may be willing to work out a deal with you. I did this several years ago. The landlord agreed to allow me to break the lease in exchange for one month's rent. I had to provide a copy of the HUD-1 closing statement as proof of purchase.

Do keep in mind that it may take several months to complete the purchase. If you finally close within 2 months of the end of the lease it may well just be worth paying off the balance of the lease at that point. If the landlord re-lets the apartment prior to the end of your lease, he'll have to refund the difference to you.

Answer 2

No, a realtor cannot break a lease for you. I am in the process of buying a house, and now trying to break my lease. I have called several lawyers and help lines, and noone has told me legally you can break a lease because you are buying a house. Everyone has told me to try to work it out with my landlord. Well.....its not going to be so easy, when you have a landlord that is difficult. Good Luck to all of us that are trying to better ourselves and who want to pay taxes.

Answer 3

You cannot simply end your lease just because you want to. However, you could speak with the landlord and you could both agree to change the end date of your lease, signing a revised lease (they would not be obligated to do this). Often, there are stipulations in your lease as to how to go about ending it early (i.e. fees, extra rent, etc.). I would simply sublease it. That is what I did when I bought my house. Talk to your landlord about your options and read your lease carefully. Your realtor cannot do anything to help you in this matter.

Answer 4

You could do it yourself but you will not get your deposits back. Landlords have a deposit to avoid losing money when someone breaks their lease early. The other option is to sub-let your apartment to someone else to pay the rent until your lease is over. But, you MUST check with the landlord to see if he/she approves it. I don't think your Realtor will want to be involved in you breaking your lease as it isn't ethical.

Answer 5

The real estate agent has no power to do so. You need to check your lease agreement and then discuss it with the landlord. Maybe the landlord would be willing to sign something stating that you can break your lease early.

Answer 6

I would call my landlord and let them know my wish to buy a home. If you haven't already set closing with your seller, you could probably come to an agreement with your landlord regarding how long you'll remain in the apartment (or at least how long you'll continue paying rent) and then negotiate your home's closing to coincide with that. It's possible the landlord may keep your last month's rent, but maybe not! Hopefully you'll reach agreement. If it's your first home, you'll probably need every penny.
Good luck.

Answer 7

it depends on the lease and the holder. Call and axk the person you rent from naybe you can get a friend who wants a place to rent the place during the rest of the lease

Answer 8

You could try to negotiate your way out of the lease - offer them two months rent, instead of however many months are left, if they agree to let you out of the remainder.

Because 2 months should be adequate to get another tenant in there.

Answer 9

Yes, talk with you apt manager with an offer, maybe get a few dollars from your agent to offset some cost. Depending where you live some builders or sellers will contribute. Hope this helps.

Answer 10

You have to read your lease and find out what the penalty is. Realtor will have nothing to do with it.