My wife and I are looking to buy a house and we currently have a lease on our rental home until Dec 31st. We want to break the lease and buy before home prices start going up significantly again. Any advise? Any loop holes? We live in El Paso Texas.
2007-05-23 09:35:34 · 6 answers · asked by yanks006 3 in Business & Finance ➔ Renting & Real Estate
It all depends on the lease that you singed when you moved in. Do you have a copy? If not, get one and review what it says for the early termination of the lease. Every contract is different though so you're bound to whatever your specific contract says. Maybe if you're renting from a private owner (rather than a property management company or business) you might have some luck just explaining your situation and seeing if there is any comprimise you can come to. Private owners are many times more willing to break the rules for you if you're a good tenant.
For example, my old apartment would let you break the lease with 60 days notice and one extra month's rent for a penalty. The apartment I'm currently living in has a lease that states the only way I can get out of my lease is if I find someone to take it over. Otherwise, I'm stuck paying the rent no matter what.
Good luck to you, I hope it's easy for you to get out of.
2007-05-23 09:56:36 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You have no loopholes unless your landlord breaks one of the terms of your lease contract. A lease is a legal binding contract, and you will be expected to honor the terms of the lease, whether you live at the premises or not.
You may ask the landlord if he would work out an arrangement with you, and perhaps he will. However, at a minimum, expect to pay the rent until the house is re-rented, plus any additional expenses he may incur in obtaining another tenant.
Leases are wonderful things to have (until you want to break one)
2007-05-23 09:56:29 · answer #2 · answered by acermill 7 · 0⤊ 0⤋
First you should read your lease. Many leases in some states have a provision that lets you out of the lease if you are buying a home and you give proper notice.
Second, talk to your landlord. Let them know what you want to do and see if they will cut you some slack if you let them know when it will be and leave the place clean.
2007-05-23 09:44:04 · answer #3 · answered by Anonymous · 0⤊ 0⤋
If your girlfriend stays she will be responsible for the 100% of the rent. She can go to small claims court and get a judgment against you for the half you should have paid. If you both leave the landlord will get the judgment against one or both of your. You are responsible for the rent individually and severally. That means alone or together.
2016-05-21 01:12:28 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Rent-To-Own Homes - http://RentToOwnHome.uzaev.com/?kGyS
2016-07-12 10:43:19 · answer #5 · answered by ? 3 · 0⤊ 0⤋
how dare you do that to your landlord...I hope he takes you to small claims court. You are breaking a valid contract...And then you want to come in here looking for loopholes??? People like you make me sick...
2007-05-23 09:43:25 · answer #6 · answered by Johnny A 5 · 1⤊ 4⤋