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Old 10-02-2010, 08:19 AM
 
23 posts, read 129,790 times
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Is there any NC rental law that allows the 1st time home buyer to break the existing apartment rental lease without paying the penally ?

Mine is two months lease break fee in addition to 60 days advance notice.
It's so painful to buy the home and incur these expences .....


Please help if you have any information , links etc
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Old 10-02-2010, 08:40 AM
 
Location: Raleigh
217 posts, read 445,836 times
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Quote:
Originally Posted by Newtocary View Post
Is there any NC rental law that allows the 1st time home buyer to break the existing apartment rental lease without paying the penally ?

Mine is two months lease break fee in addition to 60 days advance notice.
It's so painful to buy the home and incur these expences .....


Please help if you have any information , links etc
I've never heard of anything like this unless it is specifically detailed in your lease.

In this market you can sometimes negotiate for the seller of the home you are buying to pay off your lease.
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Old 10-02-2010, 08:47 AM
 
6,297 posts, read 16,096,578 times
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No, you don't get bonus points for being a first-time home buyer, unfortunately.

Can you sublease? Find a renter yourself?

If you have one lined up, then there shouldn't be a problem. If a landlord is able to quickly rent out the unit, I don't believe the landlord can sue you for the months that are rented. They could sue you for anything, but I don't think they'd be awarded damages, because they weren't really "damaged."
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Old 10-02-2010, 09:22 AM
 
Location: under the beautiful Carolina blue
22,668 posts, read 36,792,894 times
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Quote:
Originally Posted by lovebrentwood View Post
If you have one lined up, then there shouldn't be a problem. If a landlord is able to quickly rent out the unit, I don't believe the landlord can sue you for the months that are rented. They could sue you for anything, but I don't think they'd be awarded damages, because they weren't really "damaged."
Yes, generally if they can rent the apt right away they won't penalize you.
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Old 10-02-2010, 02:46 PM
 
Location: North Taxolina
1,022 posts, read 1,255,223 times
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When we had to break the lease a few years ago, I "helped" the management to find new tenants by posting an ad for the apartment with 1 month free rent (which I'd have to lose anyway). I had many calls and found a new tenant within days. If you have only a few months left, you might have good luck finding someone to take over your lease on Craigslist. Not that many apartments offer short term lease and for someone needing a place for 2-3 mts this is a good option.
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Old 10-02-2010, 10:24 PM
 
1,106 posts, read 3,533,827 times
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If I remember correctly. We put in a 45 day notice when we bought our home to the apartment complex. Although we didn't live there the last month we turned over the keys. Actually worked out for us b/c they said they would supply the paint for use to paint the dining room back (we painted it pink and turned it into a nursery being that it was a one bedroom) and they never did so that saved me some work.

Just talk with the apartment complex. I am sure you aren't the first person in this situation they have dealt with.
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Old 10-03-2010, 10:30 AM
 
Location: Efland
1,877 posts, read 5,343,620 times
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Some places won't let you sublease. We were in the same situation and would have had to pay regardless. Luckily, we ended up staying our whole lease so this wasn't an issue (or unlucky, we had to wait four long months to close on a pre-foreclosure).

Just make sure you can sublease and go that route.
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