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8 answers

What does your lease say? If you break it, you will pay. Why don't you wait until your lease is up and negotiate a new lease that will let you out of it with 30 days notice if you buy and prove you are buying a house. I agree to that on a regular basis as long as they don't move so that it affects my Christmas or Thanksgiving. Talk to your landlord and see what they say. . .

2007-09-09 14:56:18 · answer #1 · answered by towanda 7 · 0 1

The lease holds than answer to this. If you are on a month-to-month lease then you can exit with 30 days notice. If you are on a year-to-year lease you are stuck unless your landlord wants to let you out of the lease.

If you are near the end of your lease check to see what the renewal terms are. Does it renew as a month to month or for another year. If it renews for another year then you should ask the landlord to renew for as a month to month. Many landlords will do thins, but increase the rent because they lose the security of knowing you will be there for another year.

Lastly, if your lease is not near the end it wouldn't be a good idea to break it. The landlord could take you to court for the remainder of your lease. When you go for a mortgage you will be asked if there are any pending legal actions against you. If the landlord has filed papers on you then you will have to answer yes to this. I don't know of any mortgage company that will let the mortgage go through when there is a pending legal action.

good luck!

2007-09-09 15:11:12 · answer #2 · answered by Patrick 5 · 1 0

your best approach would be to give your landlord written notice you would like to break the lease by such and such date, (at least 30 days) and that you will run classified ads and show the unit to find a new qualified tenant who will pass the credit check. This is what you offer to do if you want to be allowed out of the lease. The landlord can hold you to the lease, but they are obligated to "mitigate damages" which means they have to try and find a new tenant. You will be responsible for rent until the new tenant is paying and you will be responsible for turnover costs if you've been in the unit less than a year.

check your lease for exact requirments. No landlord wants to deal with this situation, but if you are more than willing to meet them half way, they will probably let you out of the lease.

2007-09-09 15:28:51 · answer #3 · answered by Anonymous · 1 0

more than likely you are not going to be able to just break your lease because you want to buy a house, your options include finding someone to replace you, by subleasing if it's acceptable in your lease, or paying on both places. You probably won't be able to get out of your lease without penalties, so it might be better for you to just wait until your lease is almost up.

2007-09-09 16:10:22 · answer #4 · answered by Anonymous · 0 0

It's going to boil down to what your lease says.

In most cases there is no way to cancel without paying penalty + paying for any months that they cannot rent your apartment.
The best thing to do is to fulfill your lease and then go on a month-to-month contract.
It usually costs more per month, but then it is not for a set time. As long as you give 30 or 60 days (depends on how the agreement is written) notice, you are fine.

PS-if you are considering subletting .. I would DEFINITELY check your agreement for this, as a lot of landlords forbid it.

2007-09-09 15:41:16 · answer #5 · answered by CactusFlower 4 · 0 0

Do Not break your lease. u'll pay through the body orifice of their choice.
u can wait , houses aren't going any place but down in value for next 2- 4yrs. ask any struggling Realtor.
get a 'house buying for dummies' read and understand.
visit daveramsey.com to learn what u haven't about ur money and bankers approach to separating u from it.

2007-09-09 15:07:43 · answer #6 · answered by Anonymous · 0 1

If you are asking if you can, the answer is yes probably. Check your lease agreement for whatever notice you need to give and what penalties you will incur-usually forfeiture of you security deposit.

2007-09-09 14:56:44 · answer #7 · answered by ? 6 · 0 1

check our your city's tenant's rights code. sometimes there are ways you can get out of your lease.

otherwise, you might want to look into subletting for the rest of your lease. That's what we had to do.

2007-09-09 15:06:58 · answer #8 · answered by scoop 5 · 0 1

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