How Can I Break My Lease Without Permanently Messing Up My Rental History?
I just moved into these luxury apartments in December 2008 and the rent here is $1275. 00 a month, not including utilities. I have a 13-month lease agreement but I would love to move out into a cheaper nice place so I can cut down on cost. I run my own business but things are kinda going slow right now, so I wanna break my lease in two months. Any suggestions?
Tags: Break, History, Lease, Messing, Permanently, Rental, Without
YOU CANNOT. The fact that you broke a lease stays on your rental history. Even if you leave by mutual agreement with no penalties, the fact is there. There is nothing you can do about it.
Do not break your lease unless you absolutely have to. It will not only ruin your rental history, but it can ruin your credit as well if you leave owing any money.
If you do this you will have great difficulty renting another place for a long time.
Go to the landlord and tell the person that your business has slowed down and you may have to leave for less expensive dwellings. Ask the landlord about what it would take to end the lease. He might take your deposit only so long as rent is up to date. If he lets you out of the lease, it is best to put it in writing to thank him for letting you out of the lease by retaining your deposit or whatever you agree to.
If he can rent the place again without incurring any more costs, then from that time, you should be off the hook. However, some states would allow him to charge you under contract law until it is rented to someone else. With economy tight that could be a problem. If you know someone who wants to rent and they have good credit, you could take the people to landlord and he might let you out.
But be sure to get agreement from landlord. Landlord might be willing to lower the monthly rate as well to keep you there. I hope you don’t get stuck with more than the deposit.
If you give 2 months notice, the landlord may be able to get another renter. However, in the economy, who knows. It is better to come to some agreement to ensure he doesn’t come after you later on.
You can find someone to take over the lease. A lot of people would be willing if you gave them some money on the side (After they sign of course, and it’s all done so you don’t get ripped off)
It wouldn’t mess it up forever anyway, I’m pretty sure it’s only 7 years (Well, it’s still pretty much forever isn’t it, lol)
Talk to the management, they can tell you more about having someone take over the lease, or maybe they have some other ideas.
Read your lease and see if it says anything in it about early termination and the fees associated with it. Most likely, you will lose your deposit, but some places will play hardball and try to sue you for the remainder of the lease.
Talk to management and tell them your issue and see if you can buy your way out of it.
Well sometimes people break their leases because of complaints like for example my friend lived in an apartment where they had to put their garbage in the basement!! She kept complaining and the owner told her she could break her lease…another friend of mines got her lease broken because one of the girls who work in the main office came into her apartment for no reason and she complained and they said she could just go if she feels “unsafe”….so long story short I really don’t know what to tell you ..I guess complain about something? lol sorry if I wasnt really any help..good luck to ya..
Talk to the management of the apartments, they might be able to work something out with you. When I did that I had to pay the rent on the apartment until they found someone else to move in, which was a few weeks.
You will have to pay a termination fee- and then it wont count against you .