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Lease To Buy HouseBreaking apartment to buy the house?

Hello

I looked but did not find the specific answer to this Yahoo! Answers section. Anyway, my question concerns the rupture of a residential lease. I am currently halfway through a one-year lease apartment (in California).

I have no problem whatsoever with the owner, staff, or neighbors. My friend, who is a real estate agent advised me to buy a condo, as would be the same monthly mortgage payment that my rental of an apartment in progress. Considering how property prices can fluctuate, and how expensive it is here in the Bay Area, he found me several condos at an incredible value that I can handle.

So my question is, what kind of sanctions can be expected? I have no problem having to leave my security deposit or pay the rent for another month, as the rules are the rules and yet, I had no problem whatsoever with the owner or staff and do not want bad feelings.

Thank you.

First, discuss with your landlord. You might be surprised! If rents or costs have increased, it may be happy to get out of your lease so he can increase the rent for the next tenant.

But to answer your question about liability, you may be liable for the remaining lease payments or until the owner can place a suitable tenant in the unit. The owner has a legal obligation to make reasonable efforts to relet the apartment to minimize your losses, but it is not necessary to take extraordinary means to do so. In most regions in circumstances Mormal courts generally hold that 2 months is the time to re-rent the unit. Local conditions may change so that it can be any single property.

For obvious reasons it is best to discuss with your landlord first. I have exactly the same thing a number of years and they have agreed to let me out of my lease for one month's rent if I provided a copy of the closing statement. With a little luck, your landlord will do the same.

Keep in mind that it will probably take a month or two to close on the new place. That brings you closer to the end of your lease and minimize your exposure worst case is worse.

And please ignore the idiot who suggested false military orders! It is a federal crime! You do not need this hanging over you, it will cost you more than six months worth of rent.

The lease provides that the guidelines for you to meet. pay a fine if you want to terminate the lease to risk with your plans.

It is best to talk w / mgmt apt ... They can get you out of the end of your lease ... Here, TX, you are responsible f / lease together and are not able to sublet ...

That is the law:
If you break the lease. all that is leaving the apartment (ie, exit on and / or purchase a house), you are required to pay the rent of apartments until the following two conditions are met:
1) The lease expires (eg, the end of the lease)
2) The owner rents the apartment

You should check your lease to find out what are the penalties you will pay, as each lease is different. I am currently renting an apartment, and I think the trouble of breaking my lease is somewhat less than what I would pay for 2 months rent dollars.

My advice would be to take a decision quickly, as you will pay more rent than you expect. I suggest you also consider waiting until your current lease expires before you move into the condo you watch, so to avoid paying penalties.

you are responsible for the lease term. If you have a good relationship with the property manager, they can "grow" your APAR and if you're lucky, someone might take over the remainder of your lease.

but if nobody wants your apartment, you are done for m 6

Posted on March 26, 2010.
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