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What does break the lease mean?

A broken lease occurs when one of the contract parties, the lessor or the lessee, terminates the agreement before all pre-set terms are met. For example, if you are renting an apartment in a one-year lease, but you move out at nine months and are only paid up for nine months, you are breaking the lease.

Can you break a lease early?

When a tenant breaks their lease early you have a few factors to consider. ... 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.

Can you terminate a lease early?

Negotiate with your landlord for an early termination of your lease. Any lease can be legally terminated before its end date if both parties agree. Also, if rents have risen in the area since you signed your lease, the landlord may be motivated to terminate the lease in order to charge a higher rent.

What happens if you break your lease?

Your deposit: What happens if you break a lease If you break the lease, you may owe damages to the landlord. ... Read the lease. It likely says the deposit cannot be used for the final month's rent. Instead, the deposit covers unpaid rent or property damage.

What happens if a tenant breaks the lease early and moves out?

When your tenant breaks a lease by leaving the rental property before the term expires, you have the right to collect the money you are owed. A lease agreement with a fixed term means the tenant owes you rent until you can lease the property out again to a qualified renter or the lease expires, whichever happens first.

Can I break a lease before I move in?

A lease becomes a contract when it is signed by both the landlord and tenant. ... You must communicate as early as possible to the landlord that you're not interested in moving in and would like to break the lease. The earlier you communicate this the better your chances are of breaking the lease without penalty.

How bad is it to break a lease?

Moving out of a rental before the lease ends is referred to as breaking your lease. Breaking your lease can hurt your credit score, especially if you don't pay the leftover balance when you move out. Working with your landlord to break your lease can help you avoid damaging your credit.

What happens if you need to break your lease?

A lease is a binding legal contract between the tenant(s) (lessee) and the landlord (lessor). ... 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.

Is it bad to break a rental lease?

When you break a long-term lease, you are ignoring a legally binding contract. The landlord can sue you in small claims court for all the rent due for the rest of the lease term. ... The long-term problem is a victory by the landlord means a judgment against you on your credit report.

Can you get out of a lease?

Your lease is a legal contract. If you break your lease, your landlord will likely have a legal claim against you. ... Before you reach out, make sure that you know exactly what your lease requires. Although you may be legally obligated to pay rent for the remainder of the lease term, some leases provide an out.

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