ive heard something about if you buy a house your landlord has to let you break your lease.. can anyone confirm that? im in PA..i close on june 4th and never thought about my lease..
2007-05-09 08:48:03 · 9 answers · asked by infam0usdaze 1 in Business & Finance ➔ Renting & Real Estate
Nope, they don't have to let you. It depends on what your lease says - there is often some wording on early termination penalties and circumstances. Since you're less than 30 days from your closing, you'll almost certainly have to pay something.
2007-05-09 09:10:46 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
There is no universal law that allows you to break a lease without penalty if you buy a home.
Look at your lease and see what it says about breaking it.
Then call your landlord and tell them that you are closing on a house and need to break your lease and see what they say.
"no, your not allowed to break ur lease no matter what."
"manage several buidlings throughout manhattan "
Yeah, right. ANY lease anywhere can be broken with the consent of all parties. And if you truly "manage several buildings throught manhattan", surely you would know that in NYC, if any tenant is age 62 or older, they are entitled to terminate their leases without penalty if they relocate to an adult care facility, a residential health care facility, subsidized low-income housing, or other senior citizen housing. And if a tenant is called into active duty by the military after the lease was signed, they can break the lease without penalty. So can victims of domestic violence. And let's not forget that leases in NYC can be assigned, and the landlord cannot unreasonably withhold consent. NYC housing court will also not enforce leases with unconscionable clauses.
2007-05-09 09:49:07 · answer #2 · answered by BoomChikkaBoom 6 · 0⤊ 0⤋
Generally, leases have a clause where it explains the penalties for breaking the lease. The most common include 30 days notice, loss of deposit, and an extra months rent. If you've been in a place for a long time and haven't signed a new lease in quite awhile you may just need to give the proper notice. Look through your paperwork if you still have it and contact your landlord immediately.
2007-05-09 09:00:53 · answer #3 · answered by psycho-cook 4 · 0⤊ 0⤋
I don't know about PA (but that sounds strange). Some leases have clauses in them that let the buyer out of the lease if they purchase, or you can pay and additional amount when you sign the lease to have the clause added. But you must still give proper notice. You should have already let your landlord know that you would be moving because you were buying a house. What did you intend on doing, simply moving out on the 5th?
2007-05-09 08:57:40 · answer #4 · answered by edwardogden2000 3 · 0⤊ 1⤋
Unless it is stated in your contract, or it was written in, then no..the landlord can hold you to serve out your lease. They'll more than likely end up keeping your deposit and can hold you to all the rents due throughout the contract if they so choose (and only if they go through the trouble to pursue it.) Most of the time here when that happens the tenants just forfeit the security deposit and move on.
2007-05-09 09:48:20 · answer #5 · answered by jh361 5 · 1⤊ 0⤋
no, your not allowed to break ur lease no matter what.
try talking to your landlord and submitting a letter in writing explaining your situation. when tenants break their lease we sometimes allow this other times they have to let us keep their security. be reasonable. try to give your landlord 30 days notice so he can find a new tenant or make an agreement with you. be fair and reasonable, in most cases he has a right to deny you and keep your security if u vacate. read the terms of your lease which specifys the actual clause in break ing it.
2007-05-09 09:21:29 · answer #6 · answered by spadezgurl22 6 · 0⤊ 0⤋
you need to seem over your employ to discover what effects you will ought to pay, as each and each employ is distinctive. i'm presently renting an condominium, and that i think that the penalty for breaking my employ is only below what i could pay for 2 months nicely worth of lease. My suggestion could be to go with quickly, as you will pay extra lease the longer you wait. I additionally advise you to contemplate waiting until your contemporary employ runs out earlier you progression into the apartment you're staring at, with the intention to steer away from paying any effects.
2016-10-30 23:26:03 · answer #7 · answered by tummons 4 · 0⤊ 0⤋
a lease is a contract, check your lease to see what the terms for breaking the lease are. Also check to see when your lease expires. Your lease may have already expired and you would then be on a month to month applied agreement.
2007-05-09 08:58:57 · answer #8 · answered by Leeanne M 1 · 0⤊ 0⤋
Usually you contact the county office where you live and they can give you accurate and up to date info... and even help you if you need it.
2007-05-09 08:55:38 · answer #9 · answered by generalms02 3 · 0⤊ 1⤋