2007-05-21 16:19:45 · 10 answers · asked by stan n 1 in Business & Finance ➔ Renting & Real Estate
That depends on the contract terms. Some landlords may require you to pay 1 to 3 months of rent allowing them sufficient time to find another renter. However, some contracts you can break within 3 business days, but this doesn't apply to all States.
2007-05-21 16:24:06 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Typically they want all the rent they would have earned for the term of your contract. For example, if I signed a year contract on an apartment costing $1000 a month and wanted to break it the next day. It would cost me $12,000.
2007-05-21 16:23:32 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Typically 1 months rent. I would try to find a sub leaser first depending how much cash you have to waste and how bad you want out of that contract.
Reading the fine print and providing some details for us would be nice too.
Talk to your landlord. Ask them.
I waited four months to find out if I could break my current lease which is up at the end of this month. I totally regret it.
The rules here state I just need to give 1 months notice and I could break the lease with no fees.
You never know what they will do to compromise unless you ask.
Whatever you do, don't wait!
2007-05-21 16:26:38 · answer #3 · answered by Ryan H 1 · 0⤊ 0⤋
if you mean signed the contract for purchase, you generally have a 5 day cooling off period, unless the vendor has otherwise stated, so check with your solicitor/conveyencer. there is a fee for breaking the contract even in the cooling off period, i think it is around 2% but check with solicitor.
if you mean a rental agreement. you have to pay out the remainder of the lease. check with the real estate you are leasing through
2007-05-21 16:52:25 · answer #4 · answered by Rae m 3 · 0⤊ 0⤋
Sounds like you are in a bind. I had to do the same last year. I had to pay $1300 for an early termination fee. And my rent was only $750 a month. You might check to see if they will let you out of it or if they will let you make payments.
2007-05-21 16:24:02 · answer #5 · answered by Anita 2 · 0⤊ 0⤋
Not every apartment complex offers early termination. If they do, it would be somewhere between 1-2 months rent. This gives them time to look for your replacement.
So, the answer is... it depends on the management policy of your particular apartment complex.
2007-05-21 18:10:18 · answer #6 · answered by aclchan 2 · 0⤊ 0⤋
Usually it involves a couple months rent, and never living in any house or apartment that is owned by that owner. It can be pretty costly, and sometimes it can scar your credit. You may want to weigh your options if you have any. Sometimes life does not allow any other option. Good luck!
2007-05-21 16:25:07 · answer #7 · answered by Anonymous · 0⤊ 0⤋
At best it will cost your deposit and at least one months rent. At worst it will cost you the intire lease amount plus you deposit.
It might be best to be honest with the people and see if you can't negotiate some type of settlement.
2007-05-21 16:29:23 · answer #8 · answered by ttpawpaw 7 · 0⤊ 0⤋
I broke my lease a couple of years ago. It cost me my deposit and one months rent. I think that is how most work. You need to talk with the management agency.
2007-05-21 16:26:40 · answer #9 · answered by tmh 2 · 0⤊ 0⤋
you just signed a lease & now you want to break it?
or
you just signed a new lease but need to break your lease on your previous place?
2007-05-21 16:22:42 · answer #10 · answered by Miss Emily 3 · 0⤊ 0⤋