2007-10-25 16:42:21 · 7 answers · asked by morgan w 1 in Business & Finance ➔ Renting & Real Estate
Do you rent through an agent or direct with the landlord?
I am an agent and I have had a few tenants who have had this situation arise...
What you can do, tell the agent/landlord and give plenty of notice, They can then try and re-lease your home so that the new tenant can move in as soon as you move out. You would be responsible for the rent until the new tenant moves in and may be responsible for a letting fee- in Australian, this is one week.
Speak to your agent/landlord and find out what your options are, they may already have a potential tenant who is looking for your exact house.
Good luck
2007-10-25 17:23:17 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I work maintenance in an apt complex and see this all the time ,I also do small jobs for office personal, It all depends on your state laws and what your contract is here in the state of Arkansas, If you break your lease, there are few options 1) you can buy the remaining leased months or they will take you to court breach of contract or you can find some one that can qualify to take over the remaining rental agreement but,and that is soley up to the leasing agent if they will do that bottom line you would be sued in collections for the remaining months,and hurt your credit, check into some one that qualify for take over and see if they ll do that good luck
2007-10-26 00:17:36 · answer #2 · answered by kitty jorden 3 · 0⤊ 0⤋
Yes and no. See what it says in your lease. Most likely there is a penalty for breaking the lease at best or you may be responsible for the whole lease. It is a contract and you cant break it for your own gain.
2007-10-25 23:49:28 · answer #3 · answered by Bob D 6 · 0⤊ 0⤋
There are no specific exemptions for lease termination because you buy a home. Your lease is a valid and binding contract on both parties. Unless your lease contains such an exemption clause (doubtful), you are bound to the lease for its duration.
2007-10-25 23:50:03 · answer #4 · answered by acermill 7 · 0⤊ 0⤋
It will cost you, but yes, you can. Read your lease. It should state how much you will have to pay if you break your lease. In the worst case scenario, you may have to pay the rent until they find another tenant to take your apartment.
2007-10-26 01:15:49 · answer #5 · answered by Hatlady 3 · 0⤊ 0⤋
It really all depends. If you are in an apartment they more than likely will let you break the lease with the penalty of paying one more month's rent. This is something you need to ask your landlord.
2007-10-25 23:50:58 · answer #6 · answered by tooyoung2bagrannybabe 7 · 0⤊ 0⤋
What does your contract state?
2007-10-25 23:46:58 · answer #7 · answered by Squat1 5 · 0⤊ 0⤋