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 3.5 months into buying a flat should i continue or drop out due to falling house prices?
i am close to buying my first property. its a leasehold flat in tenbury wells (west mids). i am growing very concerned with falling prices and dont want to but if im gona go straight into negative ...


 I'm single mom with health issues, my BF wants to buy a house and put my name ONLY on the mortgage and he pays
Is this wise? The reason I am having a dilemma:
I live in a bad neighborhood, my kids like him, we have been together for 6 years and I can't seem to hold a job without getting sick ...


 Moving house on imcome support..how do i get my furniture moved?
Im on income support and im moving house in 6 days, i assumed my homeless officer would help but shes now said that its my responsability to figure it out...i dont know what to do! does anyone know ...


 Is this is good mortgage interest rate?
I got a 6.8% on a 100% financed $181,000 mortgage. I have about 8,000 in savings and a 760 credit score. Is that a good interest rate for that type of mortgage?...


 My landlord came and told me i have 5 days to get out. help!!!!?
he came with this guy and the landlord said i sold the house to this guy. the guy said u have 5 days to get out or the sheriffs will come. they didnt give me any paperwork or nothing. i havent paid ...


 OK so I pay my rent on the 24th of each month. I am moving out on the 24th?
I don't owe my landlord and they don't owe me right? I can go ahead and cancel my bank payment?...


 If I want to kick my boyfriend out of our apartment, and he is not on the lease. How do I make him move?
Should I call the police? He is a violent alcoholic. I am scared of him
Additional Details
He did get very drunk tonight...I believe he is an alcoholic. I am scared for my safety and ...


 PLEASE help !! Is this NORMAL in rental lease?
Hello, can you please tell me if this is normal to be in a real estate Lease to rent a single family house? It seems a little strict to me..

Pets ( I dont have one but it still seems a ...


 If i rent a place 1br appartment with three people me my girl and our son age 6?
Lets say they only want two for one bed. And...we dont tell them whats the worst that can happen if we sign a year lease?

They will tell us after our lease we need to either move into a ...


 Is nine months an average time to list your home with a realtor?
my home has been listed for seven months, i just received a copy of the listing agreement that i signed but never got a copy, was never told about the length of it. thought 60 to 90 days but found ...


 Landlords, advise please?
we have tenants, the property is managed by letting agent appointments are made but they the tenants never keep to them.
at the moment the boiler needs to be serviced but the tennants have let ...


 If I have a 15% deposit on a property I wish to buy, do I still have to prove my earning's?
...or can I have a mortgage, no questions asked? I am a first time ...


 How much notice does a realestate agent have to give before showing an occupied house?
I am renting a house that the owner is trying to sell. I was told that the realestate agent has to give me 24 hrs. notice before they bring someone in for a showing. However, twice this week they ...


 What happens if a foreclosed home sells for a LOT less than it is worth?
In all this national talk about foreclosures, does anyone with a legal background know what happens to the homeowners if the bank short sells the property for a lot less than is owed on it because ...


 Is it possible to buy a home with nothing down and zero out of pocket expenses?
I see all of these info-commercials that say you can buy a home with nothing down and zero out of pocket....Is this really possible? Can this be done without being expected to pay outrageous monthly ...


 Inspection report was not good...am I obligated to buy the home?
This is my 1st time buying a house. The inspection results were not good...black mold, termites inside & out, incorrect electrical wiring, evidence of flooding in the basement, the balconey was ...


 What is the 'devon rule'? I am looking into buying a house in Devon, and a few have this rule on, what is it?

Additional Details
Thanks for that Tilly, there was no call for rudeness....


 How long does foreclosure stay on a credit report?
My mom's house in CA is unfortunatly going into foreclosure and I was wondering how long that would stay on her credit report or if it's on there permanently....


 I have a friend who lives in apartment in which the landlord told her she won't be resigning the lease?
According to the landlord she has family members who needs the apartment and they have no where to go. My friends has proof of her payment for every month for the 2.5yrs she has been living there. S...


 What's the cheapest housing area within 3 hours of Los Angeles?
Looking for a rental house and need to occasionally commute to the city but have to cut back on cost of living. Rental sites I've used are really difficult to figure this out without a whole lot ...



waitin4someday
Can i legally break my 1 year lease without penalty if i lost my job unexpectedly?
i work in the automotive industry and due to the slump automakers are in, many of us got laid off. we werent given any advanced notice of the lay off, we just came to work and saw a notice on board due to a change in customer requirements, the following people have been laid off until further notice. there is no telling when i'll get called back to work and my unemployment isnt enough to pay rent. i'd rather move out now then try to make arrangements and then owe back rent later on. can i get out of my lease legally if landlord isnt understanding or willing to work with me
                     
 




Weimaraner Mom
You can't I'm afraid. The LL doesn't care that you lost your job, if you break your lease you will be obligated thru the end of the lease or pay a substantial penalty for breaking the lease. This is why having some money in savings for this is always a good idea to at least cover you for a minimum of 3 months so that you can find something in the meantime.

Your only bet is to find a job in the meantime, even if it's just a temporary job till you can find something permanent.

If you break the lease the landlord can and will come after you for the money, they will turn you over to collections and place a judgement on your credit, which will ruin you for finding another apartment or obtaining a loan in the future.

Your best bet is to talk to the Landlord and see what arrangement they can come up with. chances are they won't work with you, that's how most landlords are, they are there to make money not lose it, but it doesn't hurt to ask.


dablonde1
i don't know if you'll be able to get off scott free but, they may cut you a break. Good luck, I'm trying to get out of my lease right now and they are not being cooperative at all!


David S
Rating
Check your lease to see if there is a clause permitting your to break the lease, and if so, the conditions.

If there is no such clause, your best bet is to talk to your landlord. If times are tight for them, they may refuse. Conversely, they may accept if you find someone to take over your lease.


Janet P
Rating
Your job and your lease are not related in any way. There is no clause that makes your landlord suffer the consequences of your choice to remain unemployed.

Get another job, everyone is laid off at some point, life does not stop, you simply get a different, and hopefully better position elsewhere.


lorijotx
Legally, no. You signed a contract. It's just like a car or credit card payment.

Try to bring in a room mate (add them to the lease!) if you can.


Madi
Rating
Nope...sorry:(
Try a tempt agency to pick up quick money.


Heather
Rating
Unfortunately, no, you cannot get out of your lease because you lost your job. It's not your landlord's fault you were laid off. I would talk to your landlord and see if there's something you may be able to work out with him/her. Otherwise, you're stuck paying the rent for the remainder of the lease.


Gentle Fox
Try and sublease or bring in a border. Good luck.


Doctor Deth
doubtful


Jennifer S
No, legally you can't break the lease. You can try to work something out with your landlord or get someone to help you out.


Bec1988
I had to break a lease once. I talked to the landlord, the deal was I had to pay a breaking of lease fee and an advertising fee and continue to pay rent until they found someone else to move in and start a new lease. Breaking the lease can end up being very costly.

You should start applying for jobs now since there is no telling when you will get called back to work. Go on seek.com.au and apply or every job you feel qualified or able to do.

You may also like to consider getting a flatmate and adding them to the lease. Then you will only have half the rent to pay. Also if they are using your furniture you can charge them for furniture rent.

Hope this helps


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