First off, what does your lease say about early termination? Secondly, where do you live and is this a residential lease?
Some states do not consider residential leases to be binding in any way except for the fixing of the rent payment. In other words, some states allow leases to be terminated by either the landlord or tenant with proper notice (usually 30 days).
Your best option would be to contact a legal aide office or an attorney in your area to see what your otions are.
Yes, breaking a lease "illegally" can affect your credit in the sense that the landlord could list you as having an unsatisfied debt. Also, they could give you negative references in the future.
2006-10-25 04:42:04
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answer #1
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answered by CMR2006 3
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Depends on what you mean by "no problem." If no problem means you read the lease and follow the instructions and pay the penalties described there, then do that.
You should go to your landlord, in person or at least by phone and describe what you need to happen. Since you read your lease, you should know what he will say...he does have an obligation to re-rent the place as soon as he can, and if you find someone you can limit your damages, as he cannot collect rent from you and a new tenant both. However, if he does try to re-rent and no one takes the place, or takes it at a lesser amt than you pay, you can be held responsible for entire remaining amount of the lease.
If you break the lease properly, it probably wouldn't affect future rentals. If you just leave or play games, it will.
2006-10-25 01:22:51
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answer #2
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answered by kingstubborn 6
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You need to go back to your lease and read the terms. What does it say about breaking the lease? How much notice must you give? Unless there is a real problem, you are not likely going to be able to get out of it without paying the penalty, and if you just up and leave, it will create a negative mark on your credit report. My best advice to you is to consult a lawyer in your state and explain what the problem is and why you need to get out of your lease immediately. They can tell you what your best course of action would be. Also, if it is a personal issue, maybe you could talk with you leasing agency. They may be willing to let you out or may let you assign your lease to another party. Just know that if they let you assign the lease, odds are that you will still be on the hook if the person you bring in does not pay. And the leasing agency must approve (in writing) of the person taking over your lease.
2006-10-25 00:09:08
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answer #3
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answered by jewel_of_queens 2
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A lease is basically a binding contract. If you read the fine print there should be a clause about the early termination and most likely you would lose your security deposit. The lease termination should not effect your credit, as long as th company aren't pricks about reporting it - if you have a good excuse for leaving, the company should work with you. Another option you might have (depending on the fine print again) is "sub-letting" the apartment. This means you find another tenant who rents from you, although you are still responsible until the end of the lease.
2006-10-25 00:12:09
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answer #4
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answered by Country Boy 5
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You'll need to check with the office. When you signed a lease they should have told you if you break it what fees there are to pay. If you get out it shouldn't affect your credit or you getting into another apartment unless you don't pay those fees. Sometimes there are ways to get out without paying anything, but only if you had made several complaints and nothing was done, (about real things, not something ridiculous), or if you feel unsafe or like they are not holding up their end, not doing maintance, or not keeping it safe. Most likely you'll have to pay some fees.
2006-10-25 03:37:58
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answer #5
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answered by ... 4
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First off, talk to your landlord! Depending upon your situation and your landlords attitude, they may well be amenable to working out a deal. If rents are up sharply, they may be very well disposed to letting you out if your lease so that they can quickly raise the rent.
If your landlord isn't willing to let you out, you need to be aware that you are legally obligated for the balance of the lease. The landlord does have a legal obligation to take reasonable measures to re-let the premises and minimize your liability. In most jurisdictions the courts have held that that is limited to 2 months rent under normal circumstances.
Assuming that you and your landlord can come to an agreement or that you pay up for your broken lease it won't have any adverse impact on your credit rating or your future ability to get a lease.
If you don't settle up quickly with your landlord it CAN trash your credit and make it much more difficult to get a lease in the future.
2006-10-25 00:42:13
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answer #6
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answered by Bostonian In MO 7
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If you upload him to the rent he's going to be anticipated to cross a credit score investigate as good and pay a part of the hire consistent with the leasing manufacturer. This might be your great safeguard. If you enable him to transport in with you without cost and now not be further to the rent, it's feasible so that you can be evicted and need to pay the remainder stability of your rent interval. Most rent contracts have a piece that offers with folks dwelling with you for greater than a consult with and the penalties if that is observed to be precise with none notification to the leasing manufacturer. Read your rent for additional know-how. It may be very feasible to be curious about an association like this. Be cautious. You might do extra harm in your possess credit score list than you'll be able to assume.
2016-09-01 02:22:26
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answer #7
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answered by brickman 4
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well i lived with a old girlfriend and i relenquished my rights to the lease and she stayed and kept the apartment we both agreed to this, i lost my deposit, but that was it, and the other time i had to give a 30 day notice and lost my deposit and had to pay i months rent, it was worth it in both times.
one was in colo. the other fl.
2006-10-25 00:04:44
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answer #8
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answered by mpw80525 2
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