I am currently under a rental lease for my home, I need to get out of it, however, the penalty is extremely high. Equal to 2 months rent! along with the rent owed at the time of 30day notice.
Are there any valid reasons to end a lease before its experation without being penalized?What are valid reasons to end a rental lease without penalty?
I'm in a rental apartment and the only good reasons to get out of a lease are moving a job (over 100 miles), and if a person will be going to a nursing home. And even at that if you know you're going to leave during the year you must pay additional rent to cover that.
You didn't say why you need to get out of it. Maybe you have a good reason. Why not wait till the lease runs out?What are valid reasons to end a rental lease without penalty?
First suggestion: read your lease. Most of them list the reasons that it can be broken (just the same way that they list penalties for if it's broken.)
If specific reasons aren't listed, then you may want to refer to your state's web site regarding housing rules. Each state is different (though there are some basic Federal rules regarding housing, those wouldn't apply in this case.)
In general, if you need to get out of a lease and you don't have a ';legitimate'; reason (under the applicable rules and regulations), then you still might be able to negotiate something reasonable with your landlord, IF you are willing to take on the role of finding a replacement tenant.
That's not as easy as it may sound, but it can be done. Still, before I'd proceed with that, I'd get the landlord's agreement in writing that your finding a new tenant will negate the penalty in your case.
Best of luck!
It depends on the state laws and the contract.
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