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Looking for apartment in the Cary/Morrisville (good access to 540) or Raleigh (vicinity of nc state with access to 440) that have a defined lease break clause.
Most apartments say you keep paying the rent till they re-rent the apartment. I am not sure if this works well if it comes to that. (opinions welcome)
Very few of them had a specific clause. (e.g Camden on 54, MQ Cary Parkway). It goes like this: You have more than 6 months left, worst case lease break is 30 days notice + 2 months rent (so 3 months actual rent). And less that 6 months is 30 days notice + 1.5 times actual rent etc.
Can anyone list apartments that have a defined lease break clauses? Thx.
I don't have any specific apartments, but I can tell you that the two complexes we lived in had specifics in the lease regarding the rent special you moved in with for lease breakage. For example, if the normal market rent was say $800 and your rent special was $680. You'd have to pay the difference for each month until the lease was up regardless of how many months is left on your lease. So if you had 6 months left on the lease, you'd be paying $120 X 6 as a penalty to get out.
We were facing this at one time, but we were able to use leverage on an existing problem they couldn't address to get out of the lease.
I broke my lease through a complex owned by Fairfield properties. I had to give two months notice and pay an additional two months. However, once I moved out they didn't charge me the additional two months, I assume they had found someone to replace me.
Most apartments say you keep paying the rent till they re-rent the apartment. .
And usually they have to prove their due diligence in making an attempt to rent it. If you're in a complex that isn't already filled, I'd be nervous about this, though. When we lived in NY and broke our lease, we knew they'd have absolutely no trouble renting our place because there usually wasn't more than one or two apartments available at any given time.
If you're concerned about fees associated with breaking your lease, why not just find a shorter term lease or an apartment that rents month-to-month.
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