Sunday, August 22, 2010

What happens if your break a rental lease?

You can be held responsible for paying for the remainder of the lease.





Check your lease and see if there is any section on breaking the lease early - some allow for it if you give the landlord enough notice.What happens if your break a rental lease?
it is willful damage and you get banned/barred. permentley and the owners will leave and tell them owners and then when they die their tell the new owners etc just pay and say sorry repent and have faith go to church and it will be a whole lot easier.What happens if your break a rental lease?
ya lose your bond for starters. and plus you lose a good reference for future renting.
They bill you for the remaining amount left on your lease. It depends on the contract you signed. Then after all is said and done if you dont pay they send you to collections. Then if you dont pay they get a judgment. Then garnishment.
Depends on the reasons. If you're upfront there should be language in the lease explaining what happens. You will most likely lose your security deposit no matter what and may be required to pay an extra months rent to cover the empty place.





If you ran out of the place, you could be in even more trouble.
With some leases you'd have to pay an additional 2 months rent plus forfeit your deposit. With others you can be held responsible for rent until the end of your lease or until the unit is rented again.
depending on the violation possible eviction to prosecution a lease is a legal agreement if prepared correctly
If you do not find an amicable solution with the landlord, and just split - he can hold you responsible for the full amount of the lease agreement that has not been paid. He would do that by taking you to court.





This is true unless your lease agreement has a clause for early termination of the contract. Then, you would be held liable for the terms of that clause.
you pay rent and utilities until the end of the contract. If you quit paying they take you to court. Talk with your landlord and see if there is any sort of ';buyout'; option on your lease or if you can sublet. Would be a better way of going about it!! Good Luck
Consult your leasing agreement.


Assess your liabilities and negotiaite with the landlord to minimise them.


Honour that agreement or face civil action for recovery.


The judgement and enforcement involves a lengthy and protracted process that may not be realistically enforceable to fully recover moies owed.


Your bond will be at risk and probably non returnable whilst the breach remains unsettled.


You can minimise the ';lost'; income to the landlord by providing an alternative tenant to continue the rental or give sufficient notice for the landlord to seek his/her own without a break in the income flow.


The leasing document is a legal contract for both parties and non compliance on either side is enforceable in law.


Trouble is, you can scarper and leave the landlord with just the bond and he'll likely be resigned to just that and not pursue the legal recourse.


Don't expect references from that act and perhaps one day such self serving action will come home to bite you.
you get to pay them for the remainder of the time you were supposed to be there.

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