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Old 02-25-2008, 07:39 AM
 
319 posts, read 657,845 times
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Default What happens when you break an apartment lease in NJ?

I might have to move out of state due to a job opportunity.

My lease is through February 2009.

Assuming I give the landlord a month or two's notice, what are the penalties for breaking the lease?
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Old 02-25-2008, 07:44 AM
 
Location: Burlington County NJ
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You'll have to look at your lease. You'll probably lose your security deposit. Each landlord is different. The lease should have the information you need in it.
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Old 02-25-2008, 07:49 AM
 
Location: Martinsville, NJ
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Quote:
Originally Posted by Chicken Wing View Post
I might have to move out of state due to a job opportunity.

My lease is through February 2009.

Assuming I give the landlord a month or two's notice, what are the penalties for breaking the lease?
MOST leases will give you the ability to terminate the lease early with a specific amount of notice. Be careful though. If that clause does not exist, or if you break the lease without notice, you might be liable for additional moniues. Many leases will state the you can be made to pay the monthy rent for the remainder of the lease term, or the amount of rent the landlord loses until it can be rented again. If you have to end it early, be as accomodating as possible for the landlord to show the property so he can get it re-rented quickly.
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Old 02-25-2008, 07:53 AM
 
Location: Woodbridge Twp NJ
317 posts, read 808,802 times
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Default check you lease

Quote:
Originally Posted by nic529 View Post
You'll have to look at your lease. You'll probably lose your security deposit. Each landlord is different. The lease should have the information you need in it.
Also look to see if your lease makes you continue to pay until he finds a new tenent! If you work with them do to the fact is for a new job maybe he will work with you. Offer to pay the realtor fee (which is one month rent) to find a new tenent. If he agrees to it get it in writing no matter what is agreed.
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Old 02-25-2008, 07:57 AM
 
Location: High Bridge
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IANAL.

Typically you're responsible for the remainder of the lease. If you contact your landlord, maybe you can work something out.
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Old 02-25-2008, 08:01 AM
 
319 posts, read 657,845 times
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I checked the lease agreement out and it doesn't really say anything about breaking the lease or moving out early.

However, the 2nd paragraph or so says something about "the tenant agrees to pay X dollars, at a rate of Y per month......"

It makes me think that I might be on the hook for the whole yearly amount.

I don't know. I guess I'll have to take to the office manager. I didn't want to, but the lease agreement doesn't give me a clear cut answer.
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Old 02-25-2008, 08:36 AM
 
Location: Philadelphia,New Jersey, NYC!
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you'll probably lose you security deposit.
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Old 02-25-2008, 08:38 AM
 
319 posts, read 657,845 times
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Quote:
Originally Posted by john_starks View Post
you'll probably lose you security deposit.
Honestly, if that's it, I won't be too upset. I just don't want to be on the hook for several months of rent.
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Old 02-25-2008, 08:57 AM
b75
 
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Actually the laws in NJ are the most tenet friendly. Legally the landlord has to make a verifiable attempt to re-rent the apartment; they can't just have you pay out the lease. It doesn't matter what the terms/conditions are in your lease; they don't supercede the law. Many complexes even have a waitlist of screened candidates waiting to take your apartment so technically you shouldn't even lose your security deposit (although landlords often find a reason to keep those anyway).
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Old 02-25-2008, 09:32 AM
 
319 posts, read 657,845 times
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Quote:
Originally Posted by b75 View Post
Actually the laws in NJ are the most tenet friendly. Legally the landlord has to make a verifiable attempt to re-rent the apartment; they can't just have you pay out the lease. It doesn't matter what the terms/conditions are in your lease; they don't supercede the law. Many complexes even have a waitlist of screened candidates waiting to take your apartment so technically you shouldn't even lose your security deposit (although landlords often find a reason to keep those anyway).
Cool, thanks.

Yeah, the only downer is that I know there isn't a wait for my apt. It's a little 1BR studio and the office manager was saying when I moved in that most people want the larger 1 bedrooms or the 2 bedroom apartments.
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