Started By
Message
re: What does the OT know about breaking the lease of an apartment complex?
Posted on 2/3/16 at 5:02 pm to TTsTowel
Posted on 2/3/16 at 5:02 pm to TTsTowel
When I lived in Cali, after I lived there a year the lease went month to month. I gave my 30 day notice. And that was it.
Anyone ever have any success getting more than 10% of your security deposit back? That is almost always money down the drain for me.
Anyone ever have any success getting more than 10% of your security deposit back? That is almost always money down the drain for me.
0
Posted on 2/3/16 at 7:33 pm to TTsTowel
You will be responsible for the rent through the end of the lease or up until the day the unit is re-rented. Most apartment complexes do have an "early termination" clause, but those specifics I'm not sure of. Have you asked about an early termination clause? I manage rental property from a 3rd party perspective and we can't do early termination bc technically the lease is btw the owner and the tenant. My apt complex has one and I believe it's something like you have to pay 60% of the remaining lease amount to get out the lease.
Posted on 2/3/16 at 7:38 pm to Kentucker
quote:
I agree with others that the best thing to do is to just stay in the apartment until the end of the lease. Your roommates need to man up and be responsible for their share.
Unfortunately that's not always how leases are structured. If 3 people owe a landlord $1000 and it doesn't get paid, the landlord can file it on each of their credits for $1000 and not $333.33 each. If they each signed leases individually then yes they would owe a 1/3.
This post was edited on 2/3/16 at 10:43 pm
Posted on 2/3/16 at 7:48 pm to TTsTowel
There usually isn't a termination clause in leases (from the tenant side). Your best bet is to try to sublease it, because you can't really get out of it.
Posted on 2/4/16 at 10:25 am to Kentucker
quote:
So you're on the hook for only a third of the bill. That's good.
That's not usually how it works, as someone pointed out above...you're each responsible for the entire amount of the rent. Of course they couldn't collect the entire rent from each of you, but if they thought they could get you to pay and not the other two, they could sue you for the whole thing.
Page 3 of 3
Popular
Back to top
Follow SECRant for SEC Football News