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"The Housing Stability and Tenant Protection Act of 2019 requires landlords of both regulated and unrelated units to make a reasonable, good faith attempt at re-letting a unit if a tenant vacates before their lease expires. Landlords must re-rent at the lesser of previous rent or market rent, and the existing tenant is off the hook for damages once a new lease is signed.
If the market rent falls after a lease is signed, the current tenant is only responsible for the lower, market rent as opposed to the monthly rent agreed to in the lease."
"The Housing Stability and Tenant Protection Act of 2019 requires landlords of both regulated and unrelated units to make a reasonable, good faith attempt at re-letting a unit if a tenant vacates before their lease expires. Landlords must re-rent at the lesser of previous rent or market rent, and the existing tenant is off the hook for damages once a new lease is signed.
If the market rent falls after a lease is signed, the current tenant is only responsible for the lower, market rent as opposed to the monthly rent agreed to in the lease."
Please keep us updated Lucky1010...I've recently entered into the same situation. re-signed my lease in October and got a new job out of state this December so learning how to best navigate.
The management company wants $7796 from me to move out. Two months' rent (60 day notice) and two months rent as a penalty fee. It's a Brookfield property so I assume they'd sue me if I didn't pay up.
Hi! I know this is a super old post, but how did you end up waiving the fee for the brookfield property? I am currently in a lottery apartment with brookfield, and won another brookfield lottery apartment that is much better. I am hoping to break my lease to move there without paying any penalty.
Hi pink snake, a few years late to this thread but would you be able to share how you navigated the situation of breaking a lease with Brookfield? I'm living in a Brookfield property and am in need of some advise for leaving the apartment ahead of term.
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