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I signed a 12 month lease and we now have about 9 to 10 months left on the lease, but we want to get a new house. If you are a first time house buyer will they help you pay so you can get out of your lease.

2007-05-21 15:40:54 · 3 answers · asked by De las Nalgas 1 in Business & Finance Renting & Real Estate

3 answers

even if you are a first time homebuyer they don't have to let you out of your lease. no one is going to pay your remaining months on you lease.

The best thing to do is to schmooooze (i'm serious). Be nice & talk to your landlord or write them a letter, send them flowers. Tell them that you've been dreaming of homeownership & now you're finally able to do it. Say I know I just signed this one year lease & I want to make this as easy as possible, I am willing to give you 60days notice or 90days depending on your time frame for actually moving into your new home.
Say pretty please, with sugar on top.

Legally you are bound to this lease, legally the landlord can say NO, you owe me 10more months.

You may have to give up 1 month's worth of rent payment to be realeased. If the apartments are in demand & the landlord thinks he can re-rent your unit quickly, then just giving him as much notice as possible should be sufficient.
if not
you may have to pay an extra month or maybe lose the security deposit you put up.

Be persistant, if once he says no, try try again.

Good luck

2007-05-21 16:18:42 · answer #1 · answered by Miss Emily 3 · 0 0

Clarify please.

When you say "If you are a first time house buyer will they help you pay so you can get out of your lease." who is "they"?

You can be certain that your landlord will not just let you get out of a legally binding lease without some kind of early departure penalty. It's possible that the seller that you're purchasing the house from may offer the incentive of paying that penalty for you to buy that house now rather than 9-10 months down the road when your lease terminates. The seller is not doing this because they think you're a good person though, they're probably just trying to sell their house as soon as possible before home prices depress even further.

2007-05-21 15:51:04 · answer #2 · answered by MinocStriker 2 · 0 0

The short answer is no. The long answer is also no. We are in a declining housing market right now. That meANS THAT PEOPLE ARE NOT GOING TO MAKE AS MUCH AS THEY MIGHT HAVE SEVERAL MONTHS AGO, it also means that they are not going to help you as much either. The people with the lease isn't going to help you either, their values are going down too.

2007-05-21 16:36:39 · answer #3 · answered by ttpawpaw 7 · 0 0

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