Monday, August 16, 2010

Can I get out of a rental lease if i get promoted at my job?

I am looking at getting a promotion within my company and it would require me and my wife to move (possibly out of state). I dont want to break a lease and harm my rental history, but i also don't want to pass on a promotion that would allow me to earn more money. I live in Oregon and I have heard that there is a way for two parties to end a lease without paying any fines...any help on this matter would be greatCan I get out of a rental lease if i get promoted at my job?
Your employment is not associated with your lease.





Your landlord can let you go scott free if he wants to, but normally you buy it out in order to protect your credit.Can I get out of a rental lease if i get promoted at my job?
You're obligated to finish the lease even if you move. But that doesn't mean you can't come to an agreement with your landlord. Sometimes landlords are open to you finding someone to sublease the remaining months of the lease. Or if you find a good tenant to replace you, they could possibly start a new lease. It all depends on your landlord...so ask nicely and make it as painless as possible for them. Congratulations and good luck!
Typically if you have to move due to employment with evidence from employer you can get out of the lease. Review your lease and see what their stipulations are as well as their requirements for getting out of a lease early. If they don't allow you out of the lease for having to transfer job locations it may be worth it just to pay the extra penalty if the raise is large enough. As long as you're responsible and just don't bail on the situation entirely it won't effect your credit.
Talk to your rental agent and explain the situation. Maybe you know of someone who could sublet your apartment until the lease expires. The worst case scenario is that you'd have to pay the fines, but your reason for leaving is a legitimate one, and it's not because you're trying to default on the terms of the lease. You may even need some legal assistance in handling this, but leases have been broken for extenuating circumstances before. It happened to a friend of mine who had to leave for a similar reason. All that happened to her was that she had to pay an additional month's rent, and did not get back her rental deposit. I think it mainly depends on the leasing organization, and their policy for situations such as yours. Talk to them, and see if you can work something out. It would be a shame to give up an opportunity to advance in your company. Good luck!
Is their a clause in your current lease that states you can break the lease for employment? Usually only military personnel that can be transferred by the U.S. Government have lease break clauses. You are responsible for paying rent to the end of the lease term. Option: If you can find for the property a ';qualified individual'; to re-rent your apartment. They must be able to submit application fee, any deposits, pay rent, ---(ready, willing, and able)-----to sign a lease for your apartment. Otherwise the property has no motivation to help you out. They make no profit trying to re-rent your apt. The unit will have to be recleaned and serviced by their staff.


Also new lease document package will have to be created and move-out documentation for YOU the previous leaseholder. This is the way properties operate.


Good Luck


Lease Agent Phoenix
Talk with your landlord in reason. He may let you go with a compromise, maybe if you move out and pay him 3 month rent or so, its good will from each side wich counts.

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