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It's in a subdivision where the houses go for around $120K.... |
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lava f | If you break out of a lease, can you lose more money than the rent you owe the landlord if he decides to sue u |
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Poutine
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depends where are are
in Alberta the answer is no unless you caused damage to the property |
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Aspen Dreamer
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Well, I would say that you can lose more money than the lease, because if the landlord sues you, he can charge you with court costs and lawyer fees as well as rent...
On the other hand, if you have a good reason for breaking the lease, then a judge will look kinder on you for doing so...
I had to move my mom out of her apartment over a year ago and she is now 80, and has alzheimers, but she could no longer function on her own and had to be put in a nursing home...
The apartment owners wrote to me and said my mother broke her lease and we still owed over $3,000 dollars...
Well I had told them several months before that my mom was in poor health and she would be moving so we could better care for her...
They sent me a bill showing what she still owed and I wrote on the bill and sent it back to them that they can re-rent the apartment for more money than they were getting out of my mom and that she didn't break the lease cause of her bad health and since I am disabled, I cannot pay the rent they want me to...
So they will just have to write off the loss on their taxes and take it as a deduction..
Well guess what???
That's what happened...
They didn't write to me any more and they re-rented the apartment and they are now getting more money than when my mom was there...
So sometimes if the situation is on your side, you can win if you break a lease for health reasons, or being out of work, or a major financial problem and make them write it off on their taxes...
It's all you can do sometimes... |
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Atlanta Realtor
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While it depends on the state, most lease contracts have a clause that stipulates the amount of the penalty owed if you must break the lease. It is usually not less than an amount equal to two months rent, but should never be more than the total of the amount of remaining rent payments. Check your lease, and then see if you can work something out with the landlord, by either subletting or giving them time to find a replacement tenant before you leave. |
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Kokopelli
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The lease agreement will specify the total you must pay to the end of the term of the lease. If you vacate before the end of the lease you still owe the landlord the balance due under the lease agreement. You may also forfeit any security deposit by reason of violating the terms of the lease. If there is no excessive damages to the premises then the landlord is limited to the amounts due under the lease terms. |
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TODSHISHLER
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You can lose your security deposit and "last months" rent, the landlord can crush your credit rating, you could be sued to pay the balance of your contract (lease), but, that rarely happens.
Make sure you notify the landlord in writing (and keep a copy) that you are going to break your lease. Give a good reason. A new job far away works well. |
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keppley@sbcglobal.net
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YES |
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warren_zevon_1
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Yes, you can lost court costs and attorney fees for both your landlord and yourself. |
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niki-niki-tembo
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You could be liable for the amount of money that was still on the lease. 6 mos worth of rent, etc. |
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iansand9876
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This depends on where you are. Laws are different in different places.
Where I come from, you can be sued for a proportion of future rent to the end of thelease if the premises remain vacant, but the landlord is required to attemt to re-lease the premises. If the landlord finds a new tenant then you are no longer required to pay.
But do not act on this answer, because I have no idea where you come from so the rules might be completely different. |
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scottythecomic
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Yes, you can. Often times there is a penalty for breaking a lease. But worse yet is what it looks like on your credit report. If you're thinking of doing it, you might consider subletting the place instead. |
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valkyries78
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yup. You'll owe court costs, late fees, and security deposit. |
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ItsAllPolitical
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Yes; the landlord has a right to sue for the rent up to the Lease termination date or when property is re-rented, whichever is sooner.
The Landlord has a duty to mitigate by advertising and re-renting the place. You may also help by advertising the place yourself and linking a new renter with the landlord.
Good luck. |
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Flutter By
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Put simply, yes. Look over your lease agreement. There may be additional costs, such as a re-rent fee, in addition to paying the rent for the remaining months in the lease, and a breach of contract fee. All fees should be laid out in your lease. |
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Tasha F
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You never want to break a lease, that is a legal contract that will negatively affect your credit. You will most likely end up paying court fees and fines, and fighting people to get your credit cleared if you break the lease. You are going to lose no matter what happens if you break the lease. |
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Phil
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Depends, Check your lease agreement. I broke a lease at it only cost me 1 months rent |
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