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My husband & I moved to Virginia less than a year ago to a small apartment. We are looking to buy our first home when our lease was up but were told by some friends that if you relocate to Virginia & find a home to purchase within your first year you can get out of your rental agreement.
Is this true & if so what are the requirements other than purchasing in the first year?

Any help is appreciated.

2007-08-30 07:33:33 · 2 answers · asked by Mrs. V 3 in Business & Finance Renting & Real Estate

Bostonian...

I'm aware of the penalties that typically arise from breaking a lease early.

This provision I've heard about is specific to Virginia & new residents to the state. Trouble is I can't find anything on it...Do you have any knowledge specific to VA or is your answer just in general?

Anyway thanks for your answer.

2007-08-30 10:16:05 · update #1

2 answers

Here is a website that might help answer your questions.

http://www.vdacs.virginia.gov/consumers/f-landlord.shtml

Hope that helps a little bit.

2007-09-06 14:28:46 · answer #1 · answered by Anonymous · 1 0

Only if your lease grants you that right. Many landlords will negotiate this with you but most are going to require some sort of penalty for breaking the lease, typically 1 or 2 months worth of rent.

2007-08-30 14:45:58 · answer #2 · answered by Bostonian In MO 7 · 1 1

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