I just signed a lease for one year with an apartment company. They incorrectly spelled my last name on the lease and my signature on it is not even close to what my real signature is.
Anyway, my job just informed me that I'm being relocated in a month so this puts me in a bind. I don't want to be charged a RIDICULOUS $1,500 to break the lease.
I have no moved into the apartment yet and my lease hasn't even started. I was just wondering if any law buffs out there knew what kind of a chance I could have if I tried to get out of it with my ammunition being that they do not have the correct name on the lease. Thanks.
2007-08-21 13:44:03 · 5 answers · asked by xParadiseRyan 2 in Business & Finance ➔ Renting & Real Estate
By your signing the lease ( misspelled name or not ) you have given your word ( agreement ) with the terms of the lease, including the terms of default/cancellation.
Once you've signed it, your landlord is holding the property for you to occupy (or at least has you next-in-line to occupy.)
Your failure to live up to your part of the lease will cost him money,which the $1500 will help him to offset.
Bottom line here is "if you don't like it? then don't sign it!"
2007-08-21 14:32:47 · answer #1 · answered by talldude 3 · 0⤊ 0⤋
That's a minimal error and you were supposed to read the agreement and correct errors prior to signing it.
Why is $1500 ridiculous? That's probably what your failure to live up to your word will cost the owner/rental company.
If it's a hot rental market, and they can rerent in a couple of days for the same rent or more, then it's possible that in that instance, assuming your local real estate laws agree, $1500 would be too much to be fair, since generally this amount is only supposed to compensate the landlord for lost rent and exepenses of finding new tenant to replace you - in other words to put him in the position he would have been if you had been good for your word.
You can always turn down the transfer, or ask the company to pay for it - but none of that is the landlord's concern, is it?
2007-08-21 21:19:29 · answer #2 · answered by heart_and_troll 5 · 1⤊ 0⤋
You signed the lease .....your best bet is to talk to the Management company and try to work somthing out. If you are being transferred by a company they should help you with the termination fee......
2007-08-21 20:54:02 · answer #3 · answered by DKB 1 · 1⤊ 0⤋
Who DID sign the lease? You say it doesn't look at all like your real signature..... What kind of scam are you running son?
2007-08-21 20:56:35 · answer #4 · answered by teran_realtor 7 · 1⤊ 0⤋
Short answer is NO
2007-08-21 22:21:09 · answer #5 · answered by Princess Leia 7 · 0⤊ 0⤋