If Your In A Lease, Can You Switch To A Smaller Apartment And Stay On That Lease?
I moved into a two bedroom apartment a year ago, I have 6months on the lease left. I live with 3others and I would like to get out of there ASAP. I dont have the best credit anymore but I have always payed my rent on time. Would it be possible to switch from a two bedroom and carry the lease over to a one bedroom apartment? I am planning on letting the other roomates either take out a new lease on the current apartment or figure something else out for themselves.
Is is possible?
The lease is a contract specific to one property, or in your case, one apartment. There are valid reasons for breaking a lease but wanting to move to a smaller apartment is usually not one of them.
If your roommates are also on the lease, they do not have to automatically allow you to leave. You have to talk this over with them. The rent will not be less if you leave. They have to agree to make up the difference, or else find a replacement roommate.
The landlord or property manager does not have to switch your apartment or transfer your lease to a one bedroom.
You are responsible for 6 months rent remaining on your current lease. You should try to find someone to take your place on your current lease, then look to rent the smaller apartment on a new (1 year, or 6 month, or month to month) lease.
The landlord may allow you to leave your current apartment, and take another apartment, but probably it is going to cost you money to make the switch. How much it costs is up to the landlord. At a minimum, you should plan on losing your security deposit on the first apartment, and paying a new security deposit on the new smaller apartment.
depends, are u the only one of the lease? if so it might be possible to transfer the lease into their names for the remainder of 6 months and then re lease a new apartment. but you would have to go through the whole qualification of securing the place again, being that you have bad credit u might not get approved. if there is more than 1 lease holder all parties would have to submit a letter in writing to management acknowledging the lease transfer and all agree and sign it. thats the only way you could get out of the lease. but u miht have a problem renting a new place if u have bad credit. good luck with that.
The landlord might consider it because they’ll be getting two properties rented instead of just the one. But, as mentioned by someone else, the lease follows the property. So if your current roommates agree to stay with your current property, it will work better for you to get a separate place, unless, their credit is worse than yours.
Yes.
Good Luck and God Bless!
The lease is a contract specific to one property, or in your case, one apartment. There are valid reasons for breaking a lease but wanting to move to a smaller apartment is usually not one of them.
If your roommates are also on the lease, they do not have to automatically allow you to leave. You have to talk this over with them. The rent will not be less if you leave. They have to agree to make up the difference, or else find a replacement roommate.
The landlord or property manager does not have to switch your apartment or transfer your lease to a one bedroom.
You are responsible for 6 months rent remaining on your current lease. You should try to find someone to take your place on your current lease, then look to rent the smaller apartment on a new (1 year, or 6 month, or month to month) lease.
The landlord may allow you to leave your current apartment, and take another apartment, but probably it is going to cost you money to make the switch. How much it costs is up to the landlord. At a minimum, you should plan on losing your security deposit on the first apartment, and paying a new security deposit on the new smaller apartment.