2007-06-01 00:13:27 · 4 answers · asked by teo_neo 1 in Business & Finance ➔ Renting & Real Estate
not true, if you want more look it up under landlord tenant law, www.nola.com, unlawful detainer, or lease breach of contract.? one of those should help.
2007-06-01 00:17:50 · answer #1 · answered by ChristiCarlClub 2 · 0⤊ 0⤋
Be advised that most lenders with the attractive interest rates, will likely ask for a Verification of Rent from your landlord. If your landlord does not say good things about you (i.e. you broke your lease and owe them money and may be taken to court for a judgment), then you could get a higher interest rate IF you get the loan at all!
Does the person who told you have something to gain? The penalty/costs are outlined in your lease agreement. Either you must find another tenant to sublet (if that's allowed) or you keep making payments until the landlord finds another suitable person.
2007-06-01 08:35:49 · answer #2 · answered by Venita Peyton 6 · 0⤊ 0⤋
Not at all true. Unless your lease contract specifically provides for such an exemption, you are bound to the terms of the contract until its expiration.
I'm not sure of the origins of this common urban myth, but I note that it is rather prevalent amongst renters. But, at any rate, it is ONLY an urban myth, and has no basis in law.
2007-06-01 07:44:54 · answer #3 · answered by acermill 7 · 1⤊ 0⤋
This is only wishful thinking on your part. There are very few things that allow you to break a lease without penality.
The best thing that you could do is to talk to them and explain the situation and hope that you could reach a compromise that would be beneficial to all.pp
2007-06-01 08:02:43 · answer #4 · answered by ttpawpaw 7 · 0⤊ 0⤋