Friday, July 16, 2010

Buying a house. How can I get out of last 3-4 months of rental lease?

We're buying a house with the closing date in March 2007. We have a rental lease with an individual until 6/30/2007. Is there a good way to get the landlord to alter the lease or anything? We considered offering to pay for the realtor fee for him to find a new tenant... any thoughts?Buying a house. How can I get out of last 3-4 months of rental lease?
The typical method is similar to what the previous responder explained. The landlord is protected since he gets the rent promised under the lease until a replacement tenant is found, and you have a realistic possibility of getting ';off the hook'; for the lease by several months.





Your best bet is to be completely up front with the landlord and be prepared to absorb several months of rent in case he doesn't find a qualified replacement quickly. You might also consider doing some marketing on your own at places like AHRN.com, craigslist, rentclicks, homerentals, and other sites to speed the process. Saving a few months rent will more than pay you back for any investment you make to market.Buying a house. How can I get out of last 3-4 months of rental lease?
I had the same situation when I bought my house. I talked to the landlord and he agreed to put the rental up for rent soon after i asked him. But if he didn't rent it out before the next months rent was due, I still had to pay it until he rented it out or my lease ran up. So if your landlord is nice he may do something similar since he will be getting rent whether you are paying it or someone else. But you may be stuck paying the rent untill your lease is up since you have a signed contract.

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