I have 5 months left on my lease and am being transferred out of California? Any ideas?
Thanks for your help.
2006-10-30 14:52:46 · 11 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
yep. you can break your lease any time you want.
you can be held liable for the remaining months of rent for doing it though.
2006-10-30 14:54:06 · answer #1 · answered by Roger 4 · 0⤊ 1⤋
Typically there is an Early Termination Agreement in your lease contract. Usually they state you must give at least 30 days written notice, pay a specified early termination fee or a re-letting fee. Additionally you may be required to payback any concessions you received since you moved in and you may even have to continue paying rent until the next resident occupies the unit. Each property is different and it depends on what your lease says. I would get a copy of it from the office and see what it says and then go talk to the manager about your options. Try to speak with the manager if possible and not the leasing agent. The manager is the one that has the power to negotiate with you. Sometimes they will be easy on you if you have a good reason for breaking your lease, such as being laid-off. G'luck.
2016-05-22 14:22:42 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Look at the lease that you signed (hopefully you got a copy). Some leases require you to pay in full the remaining months left. Others only require three months rent. Either way, you will probably have to pay something and risk losing your deposit.
Does your company reimburse moving expenses or relocation expenses? This would defininitely be considered a relocation expense. Also, if they don't reimburse it you can write it off as a job-related moving expense on your taxes. It won't get you your money back, but can lower your tax bracket so you won't have to pay as much (or you get a bigger refund).
If the move is for military purposes, you are free and clear.
2006-10-30 15:01:21 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You may be able to terminate the lease without paying a penalty.
I'm sure different states' laws very, but I recently moved into an apartment in a new city and was assured by the rental agent that I could be let out of my lease if my company transfers me again.
I'd ask the manager of the property. You may nonetheless be responsible for cleanig costs and you may possibly lose all or part of your deposit.
2006-10-30 15:04:01 · answer #4 · answered by chocolahoma 7 · 1⤊ 0⤋
It is possible that the company that is transferring you will pay the monetary penalty that your landlord/rental agency would charge for the early termination of your lease. Find out from your employer. When I was transferred out of state by my employer, that was a major issue for me, and when I voiced my concern (loudly) the company picked up that expense.
2006-10-30 14:56:21 · answer #5 · answered by Chrome Toaster 3 · 1⤊ 0⤋
Get a letter from your employer and give it to your landlord. They may let you break the lease with that.
2006-10-30 15:34:41 · answer #6 · answered by kgreives 4 · 1⤊ 0⤋
yes, take a look at your lease where there should be a relocation/job change clause. It will give the details on how to approach this.
2006-10-30 15:19:35 · answer #7 · answered by austinguy62 2 · 0⤊ 0⤋
Find a new renter to replace you, to minimize your potential loss from breaking the lease.
2006-10-31 00:43:14 · answer #8 · answered by kingstubborn 6 · 0⤊ 0⤋
Find someone else to buy your lease from you.
2006-10-30 14:53:49 · answer #9 · answered by Insufferable Know-It-All 3 · 1⤊ 2⤋
you can talk to the landlord...
he will either tell you to find someone else...
or tell you to pay for the next 5 moves.. or just let you go...
you just need to speak with him and explain it to him...
good luck!
2006-10-30 15:09:24 · answer #10 · answered by Cutie77 3 · 0⤊ 0⤋