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Possibly. The technical term you're looking for is an "assignee." Or, that you want an "assignment" to "assign" your lease to a different person or entity as Lessor. Many (if not most or all) leases require written permission from the Lessor to assign or sublet a lease. (Subletting is the act of someone else - a sub-lessee - paying you for use of the subleased property, then you pay the Lessor.) Generally, a Lessor is concerned about who would be receiving the assignment - is that person as credit worthy (or more) than you are as a Lessee? Many Lessors would much prefer to assign a Lease to a worthy party rather than having to go through the hassle of a default and/or repossession. On the other hand, many Lessors would rather want to lease the property again to someone they choose, rather than your choice. If it's "Assign or Default," though, and you have an assignee lined up, it sure doesn't hurt to ask.
What else can I help you with?
What does lease busters do for someone?
Lease Busters helps to find someone to take over the lease of your car or for you to find a car to lease without hassle, you can take over someone else's lease. Lease Busters has a thorough Process Checklist and Offer-To-Lease form to help you in your decision for your car.
Can a roommate leave and someone else take over on an apartment lease?
It depends if that person is named on the lease ie. a joint lease. If the roomate is the sole leasee then usually it is to the landlord discretion whether to lease to someone else. You have to inform the landlord of the change otherwise it is a breach of rental agreement. I would suspect that 99% of landlords are more than happy to have someone who lives in the property take over the lease, it saves a lot of time and money in finding a new tenant.
How can you find another person to take over their car lease?
If one is looking to get out of their car lease, they may trade it back to the dealer for another car. There are websites such as Swap A Lease or Lease Trader that may find someone interested in taking it over. It is possible to post on eBay Motors.
If you are taking over a car payment lease this month how long would it take for you to let someone else take over your lease car payments?
If you're going a dedicated car lease transfer website, the timeframe can usually vary from 10 days to 6 weeks. This is because there is paperwork that needs to be transferred and disseminated between at least three parties - the lease seller, the lease buyer, and the finance company.
Why Practice A Lease Takeover Method ?
Why practice a lease takeover method? This is a great method when allowing consumers to get out of a lease by letting someone else in to take it over. The method requires a few simple forms to be filled out for legal purposes. It is relatively easy to do.
What happens if you move before your lease is up?
If you move before your lease is up, you may be responsible for paying the remaining rent on the lease term unless you can find someone to take over the lease or negotiate with your landlord. Breaking a lease early can also result in losing your security deposit and potentially facing legal consequences.
How do you take over a commercial lease?
You need to come into agreement with the current tenant as well as the landlord. If the landlord approves, you will sign an agreement to take over the lease from the current tenant.
Can you take your name off the lease if someone plans on moving out?
Only the landlord can take a name off a lease. Until then the signing parties are bound by the contract.
What are some legal ways of getting out of a lease early?
check on the lease agreement but often you can find replacement roommates to take over your lease
Your parents live in Virginia Beach VA your father has a aneurysm and needs to move back to Il Condo owner they lease from will not let them out of the remaining 6 mo of lease Lease needs to be broken?
Is the Lease assignable and/or can you sublet it? If your Lease says you can, or if the Lessor will allow it, you could find someone else to take over the terms of the Lease without interruption (which is an "assignment" - you're assigning the lease terms to someone else.) "Subletting" means that someone else would stay there and pay your parents, and then your parents pay the Lessor. This, too, usually requires Lessor permission. Breaking a lease can have serious repercussions for credit (and possibly future housing.) Investigate all your options (including reading the lease yourself and/or having counsel go over it.)
What options do I have if I want to move before my lease is up?
If you want to move before your lease is up, you have a few options: 1) Subletting your apartment to someone else with your landlord's approval, 2) negotiating an early termination with your landlord, or 3) finding a replacement tenant to take over your lease.
What can you do if you lost your job and dont have the funds to pay your rent and have to give notice but signed a year's lease?
Explain your situation to the landlord or management company. Often, they will be able to find another tenant and let you out of the remainder of the lease. The other option is to find someone to take over your lease, or sub-let.
