I have 9 months left on my lease....And I need to get out of it....I would like to know if im able to get out of it....And if I can whats the easiest way to do this.
Thanks
2007-10-12 12:10:37 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Read your lease. Somewhere it addresses early termination. That's what you need to do. You may be able to work something out with the landlord to pay the early term fee.
At a minimum you will lose your deposit. The early term fee is probably a couple more months.
If you find someone suitable to take over the lease, your landlord may let you out of the early term fees.
2007-10-12 12:23:22 · answer #1 · answered by bdancer222 7 · 0⤊ 0⤋
In California anyway, the liability of getting out of a lease is what it costs the landlord to get a new tenant into the property. This includes lost rent for a fixed period of time (a month, I think), advertising costs, maintenance, etc.
Contact your landlord and find out what kind of buyout they would accept because of your situation. They should be able to give you a dollar figure that they would accept .
Another option is for you to find someone to take over your lease for you. Put an ad out for an apartment for lease. Explain that you want someone to take over the lease for you and that they would be taking over the remaining 9 months on your lease. You would incur the cost of advertising, and the bother of people calling and you showing the property. But, at least you won't get hit with the cost of the vacant apartment that your landlord can charge you.
I once rented a house with a girlfriend who had lots of money. It was expensive in an exclusive part of town. But, it was kind of run down (bad gardening, bad flooring in places, etc.). So, I did a lot of things that took my time, but not necessarily money, to fix up. A month later, I broke up with the girl (don't ask) and, since she wasn't going to pay the rent anymore, I told my landlord that I was moving out. But, we were renting the place for $2400 a month and, after all the work I had done, I think he could have gotten more like $3000 a month. So, I told him that I shouldn't be liable for the broken lease, because he would be making out in the long run. And, he agreed.
2007-10-12 19:30:03 · answer #2 · answered by Paul in San Diego 7 · 0⤊ 0⤋
I am a landlord in PA and the terms of a lease read that a tenant may end the lease early by paying an additional two months rent and they forfeit their deposit. Sounds like a lot, but it's better than paying 9 months.
2007-10-12 23:33:19 · answer #3 · answered by Classy Granny 7 · 0⤊ 0⤋
Read your contract.
You could be on the hook for the full 9 months rent, or rent until the apartment is re-let, or one additional month's rent, or just surrender your deposit.
What does your lease say?
2007-10-12 19:23:14 · answer #4 · answered by frissy 3 · 0⤊ 1⤋
what you can do see if you can sublease that is see if somebody want to take over the apartment and make the rent payments and they will make the payments and it will not affect your credit you will not be liable
2007-10-12 19:22:58 · answer #5 · answered by zartan 2 · 0⤊ 0⤋