Sunday, August 22, 2010

Can i break my rental lease?

I signed a year lease with the property managment company i am about 4 months in. i am looking at moving but to move you have to give your 30days and pay your months rent plust an additional months rent. now the property recently was sold to another managment company and have yet to sign any lease with the new company so does that void my previous rental contract since the company i signed with no longer has any holding here?Can i break my rental lease?
I'm not sure what state you live in (or country) but... if you don't get a signed note releasing you from the terms of your lease agreement, they can come after you for the total sum of the lease agreement. Meaning even if you give 30 days notice (which generally is expected a month prior to the end of the lease) you are still liable for payment to the end of the lease term. You have only 4 mos in so you would still be liable for 8 more months payments on a years lease. So make sure you have been released from the terms of the agreement.Can i break my rental lease?
Usually your lease is passed on to the new owner and he has to honor it. Your lease will tell you just how to break it . . .if you can. You know it never hurts to talk to the new owners. It could be that they want to renovate and raise rents. Tell them you are willing to move before your lease is up but don't want to be penalized. Should you talk them into anything. . .get it in writing, signed and dated.
No, the people who bought probably had to sign a contract holding you to your agreement for their protection purposes. So yes you are most likely still bound to the contract.
When new management bought the property, they bought your lease to. It remains binding. You won't sign a new lease until your present one is up. If you move, you have to follow what it says in your lease.
It only voids your lease if they change anything. If they decide to charge you more then you have 30 days to deny or accept their new terms. If they keep the same terms then the contract is still legally binding.
The new owners bought your lease too, with all the same terms as the old owners had. they are your new landlords.





You can't break a lease without paying the penalties in the lease.
No. The company bought the building with all assets, including rental contracts.

No comments:

Post a Comment