ANSWERS: 3
  • That will depend on the terms of the lease and the laws and regulations of your jurisdiction. However, the reason you are breaking the lease generally doesn't matter. Start by reading the lease carefully. It should give you the specific options for breaking the lease and the consequences of doing so. If you're interested in buying a house, speak with your real estate agent, who should be familiar with the laws in your state and county, and get their input about breaking a lease. You'll also want to see if there's a renter's rights group in your area; they would be a valuable resource. If you've been a good tenant it's possible your landlord will let you out of the lease when you explain that you have an opportunity to purchase your own home.
  • Sorry. It's not possible. UNLESS the landlord release you from the lease. Your lease is a legal binding contract. It's an agreement from the day the lease starts until the last day of that lease. Your agreement with the landlord is to take proper care of the proper and to pay the rent on-time or ahead-of-time and to abide by and do all the terms and conditions of the Lease. There is nothing stopping you from house hunting before the lease term ends. For example: Lease dates: May 1, 2008 to April 30, 2009 Rent due on the first day of each month. Rent amount: $1,000/month If you have a one year lease with a 60 day notice of termination, you could begin looking four (4) months to six (6) months before the lease ends. You begin looking for a home in November, 2008. You find that home in January, 2009. Your agreement should state settle/closing/escrow will take place on the last day of the lease. You have a closing/settlement/escrow date of April 30, 2009. You send the notice of termination on March 1, 2009. Your rent is still due and payable until April 30 - the date you go to closing/settlement/escrow. You have to understand the Landlord still has taxes to pay and possible maintenance, a mortgage and other fees and expenses to pay. The fact you bought a home doesn't release you from the terms of the lease. When you are in the market for a rental, you MAY BE able to negotiate a shorter term lease with a month-to-month renewal term. THE WORST answer you'll get is "No". Other than in love and romance, "No" never hurt any one. Thanks for asking your Q! I enjoyed answering it! VTY, Ron Berue Yes, that is my real last name! Sources: My wonderful family! In the real estate business over 34 years in Pennsylvania. THE ABSOLUTE BEST, MOST WONDERFUL real estate investment group in the world, which I was very proud to be a member of! "THE University of Hard Knocks" also known as ("a/k/a") "life's valuable lessons"
  • It really depends on the landlord. If they agree to it, then yes. If they don't, then no. I have lived places that if you let them know that you are looking to move in a few months and they have a good amount of time to find a new renter, then they let you out. The place I just moved out of was not that way. You had to pay to the end of the lease either way.

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