Quick Answer: How Can I Get Out Of My Lease Without Penalty?

Is it possible to break a lease without penalty?

Quick Answer: How Can I Get Out Of My Lease Without Penalty?

Depending on your reasons, your landlord may be sympathetic and not penalize you.

At worst, however, breaking a rental contract could have serious consequences.

If you break a lease without legal grounds to do so, you may: Be required to pay the rent for the remaining months on your lease.

Can I get out of a lease I just signed?

Once the landlord and tenant sign a lease and a copy is delivered to the both parties, it becomes a valid contract. Contacting the landlord by verbal or written means within three days of signing it will not automatically terminate the contract.

How can I get out of my lease before moving in?

When your tenant wants to terminate the lease agreement before occupying the rental property, you can work with him to minimize the financial impact for both of you. As the landlord, you are entitled to keep the security deposit, and are entitled to collect rent until the unit re-rents.

What happens if I break my lease early?

In most cases where the lease is broken early, it will be the tenant who initiates the early termination of a lease, either intentionally or unintentionally. It is rare that a landlord or property owner breaks a lease.

Photo in the article by “President of Russia” http://en.kremlin.ru/events/president/news/54790