2007-12-12 11:12:30 · 5 answers · asked by Christine F 1 in Business & Finance ➔ Renting & Real Estate
If you break your lease, you either have to pay a penalty (usually several thousand dollars) or pay the remainder of your rental agreement. That is why it's called a BINDING AGREEMENT. Check your lease to see what the terms are. Incidentally, if you are required to pay your lease out, it is immaterial if the landlord fills your vacancy-you will still owe the money.
2007-12-13 05:49:37 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Check your lease. Most have a clause that if you give your landlord 60 day notice, you can break your lease by paying the two months.
2007-12-12 22:53:47 · answer #2 · answered by Classy Granny 7 · 0⤊ 0⤋
Yes and if you fail to pay, the landlord can sue you and get a judgment against you.
Once the landlord has a judgment, he can attempt to collect via wage or bank account garnishments and liens against personal property. The judgment will show up on background checks and your credit report for years. The judgment can be renewed for many years, it will affect your credit and ability to rent in the future.
2007-12-12 12:33:08 · answer #3 · answered by ? 6 · 0⤊ 0⤋
Yes, the landlord can do that in Georgia, as well as in the other forty nine states in the nation. Leases are valid enforceable contracts.
2007-12-12 11:27:37 · answer #4 · answered by acermill 7 · 1⤊ 0⤋
Yes. If you signed a lease you are reponsible for paying the entire legnth of the lease until it is leased out to someone else. Sometimes landloards will make exceptions, but they do not have to.
2007-12-12 11:16:40 · answer #5 · answered by ADG 4 · 2⤊ 0⤋