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Old 06-08-2009, 02:38 PM
 
14 posts, read 36,305 times
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I'm not sure if I should post this here or in the renter's forum but since lease terms vary from state to state I'll try my luck here.

We had a 12 month lease but purchased a home earlier than expected since rates were so good and we found exactly what we were looking for. We gave 90 days notice and are still paying rent as per the lease agreement. Our manager knows that our unit is available but when we call the staff does not have our unit on their list as an immediate move-in. They seem to be doing nothing to rent it out. Do they have any responsibility/liability here or are we basically screwed? Should I bother contacting a lawyer? Btw, it is a ground floor unit with a garage in a pretty nice complex.
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Old 06-08-2009, 03:09 PM
 
Location: Clear Lake, Houston TX
8,376 posts, read 29,463,270 times
Reputation: 4710
They won't rent it out until the lease is up.

Is something stopping you from sub-leasing?
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Old 06-08-2009, 03:11 PM
 
809 posts, read 3,438,327 times
Reputation: 574
Why don't you put at ad for the apartment on Craigslist and offer a monetary incentive to pick your apartment over others in the complex that might be available.
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Old 06-08-2009, 04:25 PM
 
14 posts, read 36,305 times
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Thanks for the replies.

Subleasing isn't allowed as per the lease. I suppose we could try to get around it somehow.

Also, there is a reletting fee of 85% of one month's rent if they release it.

We gave an official move out notice which was approved provided that we continued paying rent. It specifies that they will put the unit on the market.
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Old 06-08-2009, 04:50 PM
 
Location: A little suburb of Houston
3,702 posts, read 17,573,643 times
Reputation: 2087
How many months did you have left?
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Old 06-08-2009, 05:02 PM
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Location: Ohio
17,105 posts, read 36,387,961 times
Reputation: 14427
A lease is a contract. If you want to figure out a way to break a contract, you really should get a lawyer to help you with that.
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Old 06-08-2009, 05:05 PM
 
Location: Austin & Houston, TX
1,461 posts, read 5,385,326 times
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They don't have any obligation to lease your unit.
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Old 06-08-2009, 05:23 PM
 
14 posts, read 36,305 times
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We only have three more months and have planned to pay it out. We are not trying to run away from our responsibility here but are surprised it has not been leased when we gave written notice four months ago. The contract specifies that provided we pay rent and give 60 day notice they will show due diligence to lease the unit. I guess that is open to interpretation. Thanks again for the replies. Ultimately, the home we purchased was worth it.
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Old 06-08-2009, 06:25 PM
 
Location: Austin & Houston, TX
1,461 posts, read 5,385,326 times
Reputation: 424
In most instances your Realtor can work the buyout of your apartment contract with your apartment complex. That is if your agent is willing to use part of his/her commission.
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Old 06-08-2009, 08:01 PM
 
Location: Houston
3,565 posts, read 4,545,075 times
Reputation: 931
YEah , are they not required to look for someone else if you terminate the lease ?
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