Breaking a lease?

Scandia · #1 07-10-2006, 09:35 AM

I'll get a copy of my lease and read it. I fear the worst- having to pay rent till they find someone else.

Subleasing is not an option at all. Not only do I not know anyone who could be interested. It is not allowed under any circumstances in the lease. That much I do remember.

EDIT

Found a copy of the old lease of when I first moved- dunno how much it has changed. It says it can be terminated after 6 months of living here. I have lived here for over 3 years now, so I do not know if that affects this. It says it has to be accompanied by one month rent as well as prepayment of the rent ofr the 50 day notice period. There is a bunch of other stuff...but if it is just 3 months rent, that I can deal with. It also mentions something about concessions- not sure if that means the discounts, or if I rented any other things they may have (I haven't).

I will check with them next Saturday if I do put a contract. Wish me luck.

SydneyK · #2 07-10-2006, 11:03 AM

I would look into this before you draw up a contract on the condo you're interested in purchasing. If your current lease requires you to pay for another three months, perhaps you can indicate that your purchase will not close until your last month (well, in this case, your third month) at your current place. That way, you'll have time to move and you won't be paying two separate home payments.

ZTAngel · #3 07-10-2006, 01:29 PM

Quote:

Originally Posted by Scandia

Found a copy of the old lease of when I first moved- dunno how much it has changed. It says it can be terminated after 6 months of living here. I have lived here for over 3 years now, so I do not know if that affects this. It says it has to be accompanied by one month rent as well as prepayment of the rent ofr the 50 day notice period. There is a bunch of other stuff...but if it is just 3 months rent, that I can deal with. It also mentions something about concessions- not sure if that means the discounts, or if I rented any other things they may have (I haven't).

Did you sign a renewal lease? I'm guessing that you didn't sign a 3-year lease. The problem is that each renewal lease will probably be treated as a brand new lease. Although you have lived in your apartment for 3 years, you have been under your new lease for 3 months so the whole breaking the lease thing after 6 months of being in your apartment might not apply. Talk to your apartment complex. If they're nice, they might be willing to work with you.

Tom Earp · #4 07-10-2006, 04:56 PM

Quote:

Originally Posted by ZTAngel

Did you sign a renewal lease? I'm guessing that you didn't sign a 3-year lease. The problem is that each renewal lease will probably be treated as a brand new lease. Although you have lived in your apartment for 3 years, you have been under your new lease for 3 months so the whole breaking the lease thing after 6 months of being in your apartment might not apply. Talk to your apartment complex. If they're nice, they might be willing to work with you.

What She said.

If the complex is easy to rent and You have been good tenents they may give you a break.

If not, there will or maybe an escape clause that You will have to pay XX amount to get out of it!

Be nice to local Mgt.

macallan25 · #5 07-10-2006, 05:12 PM

Subleasing is not allowed at alot of places down here, but everyone does it. I would think it would be pretty hard to catch someone subleasing an apartment, as I have had a significant amount of friends that have done it. I broke one of my leases though so that I could move into a house and it was a 975$ charge including that month's rent, so it came out to around 1600$

bluefish81 · #6 07-10-2006, 07:23 PM

Quote:

Originally Posted by Scandia

It also mentions something about concessions- not sure if that means the discounts, or if I rented any other things they may have (I haven't).

Concessions are deals you get from the apartment complex when you sign your lease like - one month of free rent with a 12 month lease. So if when you resigned your lease, you got half a month of free rent, you'll have to pay that back in addition to everything else.

jubilance1922 · #7 07-10-2006, 08:07 PM

I"m in this situation right now. I got a great job and I have to move to Orlando in August, but my lease isn't up until September. Luckily the penalty for breaking my lease is only a month's rent, so I decided to just pay it without breaking my lease, since I would have to fork it over either way.

_Lisa_ · #8 07-11-2006, 08:43 AM

I recently broke my lease after living there for 6 months. The deal was that I had to pay 2 months rent to get out of the lease & they even let me put it on a payment plan & break it up over several months.

Munchkin03 · #9 07-11-2006, 10:17 AM

I've never had a problem breaking a lease, and I've always gotten my security deposit back.

Scandia · #10 07-11-2006, 07:46 PM

Nope, no 3-year lease. Hopefully they won't treat each renewed lease as a brand new thing. And what if I had gotten ill or my family needed me to move back home due to illness of one of them after 3 or so months of having just moved here?

No month of free rent this year. That was last year's lease. But this renewed one included absolutely no freebies or bonuses like that.

The complex always has people waiting at the office hoping to be shown an apartment. It is near a major university (USF)- and although fall term will start soon, I came in a March to get an apartment to move in during July in order to start classes in August for the fall term. So there may be people searching early for an apartment to start school in the spring term.

Hopefully the escape clause will not be more than 2 months rent or the sort (which is still 1200 dollars- owch). And I will be ultra super duper nice to them. But I happened to find this condo now. I cannot pay mortgage AND rent simultaneously simply because the apartment complex is following things to the letter rather than being flexible. And if they rent it to some new tenant, they may be able to charge them even more anyway.

Scandia · #11 07-15-2006, 06:33 PM

Well, my family came today.

They liked the condo I talked about. We saw two other complexes, but they did not like them as much.

We did not make the reservation because my mother wants to talk to a friend of hers who is an expert on this.

I hope they do not sell the one I want. They have 4 left of that kind- but the other 3 are not in as good a location as the one I want the most.

My family says that if it is meant to be, it will be mine. However, I am more of a "you control your own destiny" person.