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Our lease states we are responsible for paying a minimum of two months rent, or until the unit is rented, if we break a lease (it's at the owner's discretion).
Am curious about something that happened to one of the tenants in our complex who broke their lease early. They had five months left on their lease and were told they had to pay the full five months before vacating; which they did. However the unit was rented just one month later. Does the departing tenant have any legal rights to get back the large amount of rent they had to pay to break their lease?
I have heard things like this before. My first thought it why in the world would anyone pay the remaining lease at that point up front? Why not just keep paying monthly?
Absolutely. LLs aren't allowed to "double dip". The previous tenants will need proof that the unit was successfully re-rented and then a letter should be sent to the LL requesting return of the rent they paid after the new tenants moved in.
That makes sense to me, thanks for the reply. I don't know the people personally, but I hope they do follow up on it.
I was in a 2 year lease that I wanted out of early due to divorce. I notified the landlord when there was one year left. She would not let me out. Even when I offered to let her keep the security deposit. It's not always that easy, and I did not want to have to deal with a lawsuit. I ended up having to ride out the remainder of the lease.
It isn't that breaking a lease is a huge deal, its that people don't want, and sometimes can't, pay anything when they break it. Depending on your situation, coming up with two months rent at a time could leave you purt near broke, therefore people look for reasons not to pay any extra fees associated with it. Also, some people here get fed up with situations in their dwellings and legitimately need to know if they will have to pay extra fees and penalties or not due to the conditions of the dwelling. Some people legitimately don't know that they can't up and leave because the neighbor is having his place remodeled and construction starts early in the morning, or need to know if they can leave early without paying fees due to a dwelling becoming less habitable than what it was.
I've broken leases repeatedly by working with landlord on equitable terms; I'm actually paying for 2 places right now because I wanted to bail on one and landlord there is out of the country.
I put my word on the lease so I'm honoring it.
Leases are pretty much written with the landlord's best interests in mind. Some look down their noses at 'renters' but you won't see a U-haul at the cemetery so Everyone is a renter.
Do you think Trump would hesitate to break a lease if it was in his best interest?
It isn't that breaking a lease is a huge deal, its that people don't want, and sometimes can't, pay anything when they break it. Depending on your situation, coming up with two months rent at a time could leave you purt near broke, therefore people look for reasons not to pay any extra fees associated with it. Also, some people here get fed up with situations in their dwellings and legitimately need to know if they will have to pay extra fees and penalties or not due to the conditions of the dwelling. Some people legitimately don't know that they can't up and leave because the neighbor is having his place remodeled and construction starts early in the morning, or need to know if they can leave early without paying fees due to a dwelling becoming less habitable than what it was.
Screening out a potential tenant who does not have enough savings to cover the cost of breaking a lease is a great practice for a landlord. When you buy a house, you have to show proof of your ability to pay a mortgage or enough funds to pay cash. When you rent, you should be able to show enough funds to break the lease if needed. If you can't afford it, then you should probably look for a more affordable place.
I was in a 2 year lease that I wanted out of early due to divorce. I notified the landlord when there was one year left. She would not let me out. Even when I offered to let her keep the security deposit. It's not always that easy, and I did not want to have to deal with a lawsuit. I ended up having to ride out the remainder of the lease.
nyc management companies try to standardize on 40x rent as income for most apartments unless private homes.
2k a month rent = 80k income
Yep. That is what I use for my place in LA. I also run a credit check so that I can see CC payments and balances, and ask for pay stubs to see any garnishments.
Anyone who can't afford two months rent in this equation has some serious budgeting issues.
I have heard things like this before. My first thought it why in the world would anyone pay the remaining lease at that point up front? Why not just keep paying monthly?
I was told if I didn't pay it up front it was as though we were still renting the apt...meaning if a pipe should burst, or someone tripped ect... we would still be liable!
He also said if he rented the place we would get our money back...but as someone else has said how would we have proof...I am not holding my breath!
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