I have been in my apt for about 2 months, me and my boyfriend signed a year lease, but now we are looking at possibly buying a house. What would happen to the year lease we signed if we moved out before the year was up?
**serious answers only
Thanks
2007-08-21 15:30:45 · 5 answers · asked by moviebuff 4 in Business & Finance ➔ Renting & Real Estate
depends on what state you are in, most are the same though. A contract/lease is a binding agreement, if your landlord was strict he could enforce you to pay the remaining rent till the lease expires.
but, i am sure if you talk to him and explain what you are doing, he should be a good landlord and let you go at a certain date without further expense.if the apartment is in good condition, you should get your security deposit back also. like i said, depends on the landlord.
2007-08-21 15:41:45 · answer #1 · answered by luchi 2 · 0⤊ 0⤋
Read your lease and see if there is anything there about early termination. If not, then legally the landlord could probably hold you to the lease and demand the whole year's rent. It's more likely that they'd charge you for a month or two, and try to rent it to someone else - if they did, they wouldn't likely try to hold you to the lease - in some places it would be illegal to charge you rent after they had rented it to someone else.
2007-08-21 22:42:22 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
check your lease you most likely have to give a min. 30 days notice but check the lease some people ask for more,and it usually takes a couple of months to find a house and do the closing. good luck !!!!
2007-08-21 22:40:59 · answer #3 · answered by mikesluv 3 · 0⤊ 0⤋
A lease is an enforceable contract. They can take you to court, forcing you to pay out the remainder of the lease. Try to get a renter to take over your lease.
2007-08-21 22:38:52 · answer #4 · answered by justbeingher 7 · 1⤊ 0⤋
You can be held responsible to pay the balance of the lease due
2007-08-21 22:46:17 · answer #5 · answered by Craig T 6 · 0⤊ 0⤋