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Can you break a current lease on a rental if you are purchasing a home?
Wiki User
∙ 16y ago
Yes, however, you will lose your deposit on the apartment and be charged (normally hefty) fees for breaking the lease. Negotiate the prices with your landlord. If they refuse to listen, sublet the apt. If this option is not a good one, real estate lawyers can always make things happen!
Wiki User
∙ 16y ago
Wiki User
∙ 9y agoJoin the military. When you get official orders transferring you out of the area, the landlord has to release you from the lease under the Soldiers' and Sailors' Civil Relief Act. Answer Maybe going back to your lease contract will provide the correct answer in your case. Usually "Lease Contracts" will have a section to handle early lease terminations. In my case, I have to notify my landlord three months before I leave my apartment.
Answer
You also have the option of buying your lease out. This may not be the most attractive of your options, since you will want to put all of money into your new home purchase. But fulfilling this contractual obligation of the lease will benefit you in the long run. Breaking a lease could result in having a judgment granted against you and lien against that new house. Occasionally, the people you are renting from are only too glad for you to leave early if they have other plans. It pays to ask.
Wiki User
∙ 10y agoIf you are purchasing the home from the person you are renting from, then yes. If you are renting in one place and want to purchase in another, the only thing you can do is appeal to the owner and ask them to let you out. Tell them you have the opportunity to be a homeowner and ask if he will let you out of the lease. That is all you can do, butter the landlord up someway because ultimately, he has all the say if you signed a contract.
The first answer is right. Even before signing the lease, seek help from EZ Lease Rentals as your co-signer so the company will take care of the matter between you and the landlord through Second Chance program. I've been there before and everything went smoothly on my end.
Wiki User
∙ 18y agoIt all depends on the landlord. If you are buying the house from your landlord, it wouldn't be an issue. If you are moving to another house and leaving the landlord to find another tenant, it may not be okay with him. Some landlords are cool about it and will let you out of the lease, others will make you pay and could take you to court (they would win). The best thing to do is ask if you can pay for advertising to find a new tenant and be as helpful as you can to get a new person to rent that place.
Wiki User
∙ 14y agoYou can break the lease; most times you will have to pay up the remaining time on the lease. Talk to the landlord and see what they are willing to do. Definitely do not leave on bad terms with the rent hanging.
Wiki User
∙ 14y agoIf by that you mean can you break your lease to move into another property... you have to give a certain amount of time notice that you are moving. And if you do break the lease you may still have to pay rent for that place for the rest of the length of the lease.
Wiki User
∙ 14y agoNo, You are still under contract with your landlord and are held liable for it. Your record could be tarnished if eviction proceedings are held, which may hurt you in getting a loan for your new home.
Wiki User
∙ 11y agoA lease is a contract.
You have committed to it for the term of the lease.
Buying a house doesn't excuse you from this contract.
Try talking to your landlord and see if they will agree to an early termination.
Wiki User
∙ 18y agoIt depends on the terms of the lease and the atttude of the landlord. You may be able to sub-let the property. Talk to a lawyer and have a copy of the lease with you.
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Does a job transfer get you out of your rental lease?
A military transfer will allow you to break a lease because of the Soldiers and Sailors Civil Relief Act, but otherwise, not unless it is written in the lease.
What are good reasons to break rental lease without losing the deposit?
Only a serious breach by the landlord - like substantial, ongoing code violations - would allow a tenant to break the lease.
What is the maximum amount of month a landlord can charge if you break your rental lease in California?
If you break the lease, your landlord can charge you the amount of rent for the apartment or unit during the time it is left unoccupied up until the dwelling has been rented out or until your lease expires, whichever comes first.
If you move before your lease is over do you have to follow the rules of the lease since you never received a copy?
Yes you have to follow the terms of the lease. You are however entiltled to a copy of it, and I owuld ask for it. Some leases will include a clause that gives the renter the option to break the lease early if 30 written notice is given. Some rental companies will also allow a lease to be broken if they are given enough notice to rerent the place before the current residents vacate. I would get a copy of the lease and see how it reads and if any of these options are available to you!
Can HUD break a lease?
They can TERMINATE a lease, if the lessee is in violation of the lease.
Can a landlord break a rental lease because you paid your rent late?
If you paid your rent late, he didn't break the lease - you did. He can now move to terminate the lease.
How can I break my Texas rental home lease legally?
Each lease is different but they all contain an out clause for both parties,review your lease.
Is there an effect on your credit score if your break a rental lease?
Not unless you are sent to collections
Does a job transfer get you out of your rental lease?
A military transfer will allow you to break a lease because of the Soldiers and Sailors Civil Relief Act, but otherwise, not unless it is written in the lease.
What are landlords obligations to renter if he breaks lease because he is in foreclosure in the house he live in and wants to move back into rental?
He can't break the lease.
What are good reasons to break rental lease without losing the deposit?
Only a serious breach by the landlord - like substantial, ongoing code violations - would allow a tenant to break the lease.
Can you break an apartment lease in Louisiana if you are purchasing a home?
In Louisiana, there is no specific law allowing a tenant to break their apartment lease if they are purchasing a home. Generally, tenants are bound by the terms of their lease and may be responsible for paying rent until the lease ends or find a replacement tenant. However, it is advisable to review the lease agreement for any early termination clauses or negotiate with the landlord for an early release.
Can you break your lease if you purchase a home?
No, purchasing a home is not sufficient reason to break your lease for a rented dwelling. However, you may want to talk to your landlord and see if he/she will release you from the remainder of your lease. Sometimes this involves paying all or a portion of the rent due from the remaining terms of the lease.
If you are in a lease and the owner sells the house can the new owner make you move?
Yes, but only if the lease permits it or when the lease expires. There is a presumption that a purchaser of rental property will know the terms and conditions of every lease for current tenants.
What is the rental rate for a cell tower lease?
The rental rate for a cell tower lease varies depending on several factors. For example, a renewal or extension of an existing lease, the rental rate will probably be higher than a new lease.
What is the maximum amount of month a landlord can charge if you break your rental lease in California?
If you break the lease, your landlord can charge you the amount of rent for the apartment or unit during the time it is left unoccupied up until the dwelling has been rented out or until your lease expires, whichever comes first.
How do i break a lease if I'm moving to a different state and have a roommate?
if you read your rental agreement then there should be a spot that tells you how to break a rental agreement. if not then ask your landlord because i broke a rental agreement one time and i had to pay a fee of 200 dollars. but if you ask your landlord then he/she will tell you. its not hard
