My boyfriend and I moved to Oregon from california when he got a job transfer and that didn't work out so now he's not working.. and soon enough I'm not going to be able to work because I'm 6 months pregnant & tired! so we're going to have to end our lease and go back to California so I'm wondering how we could end our lease without it going on our credit.. if that's possible?
Any Ideas?
Thank You!
2007-06-18 15:48:36 · 6 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
If you will examine your lease you will usually find the terms under which you can terminate it. Generally the conditions involve giving 30 days notice, paying one extra month of rent, and forfeiting your deposit. As long as you satisfy all the conditions of termination nothing will happen to your credit.
My husband has had to move several times for his work and we have terminated a lease twice. It had no negative effect on our credit at all.
2007-06-18 15:59:03 · answer #1 · answered by psycho-cook 4 · 0⤊ 0⤋
You'll have to discuss this with your landlord. Anything is negotiable!
I used to be a landlord and when a good tenant needed to break a lease, I'd usually settle for one month's rent as liquidated damages under the condition that they left the place SPOTLESS and ready for immediate occupancy. Nobody ever refused the offer -- and I'd never seen such CLEAN places!
If your landlord is a ****, your legal position is rather weak. Legally you can be held liable for the entire balance of the lease or until a new tenant is placed, whichever comes first.
A landlord does have an obligation to make a reasonable effort to secure a suitable tenant to minimize your losses. Generally the courts have held that 2 months is reasonable time to place a new tenant though local conditions could sway that either way. If it's a landlord's market he may get someone in in a week or so. If it's a tenant's market, it may sit vacant for 6 months. He'll only need to convince a judge that he made his ordinary effort to place a tenant in a vacant unit to get a judgment against you if it ever came down to that.
So, your first step is to contact your landlord and explain your situation and ask what he's willing to do to make the parting peaceful and not too financially devastating for either of you. If you come across like you have at least a passing concern for HIS side, he'll likely be more receptive to working something out with you. Most landlords aren't ogres. (If yours is, hopefully his name is Shrek.)
Good luck!
2007-06-18 16:12:25 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Check with your landlord. Most places let you terminate a lease if you pay two month's rent as penalty. But, your state may have laws protecting your rights and requiring a certain number of days notice, so check with your local government.
2007-06-18 16:06:55 · answer #3 · answered by cpa 2 · 0⤊ 0⤋
You can request a release from your lease from the landlord. If they're nice, they may grant it. If not, you're stuck with the lease. Much depends on what the landlord will do. Will he file a judgment against you ?
If he does, expect it to harm your credit somewhat.
2007-06-18 15:52:12 · answer #4 · answered by acermill 7 · 0⤊ 0⤋
read your lease. most apts require at least a 30 day notice and a lease termination fee. ask you landlord. just know if you are breaking your lease early you will have to pay somekind of penalty.
2007-06-18 19:51:09 · answer #5 · answered by kystik83 3 · 0⤊ 0⤋
pay out the rest of ur lease
2007-06-18 15:52:07 · answer #6 · answered by Anonymous · 0⤊ 0⤋