Breaking Lease , because of buying a house, any solutions (short sales, leases)

[phoenix_new]

I didn't had any plans of buying a house before i moved to Chandler, but looking at the interest rate and under priced houses, i started looking for houses, and finally bought one

[Bummer]

Originally Posted by phoenix_new

I didn't had any plans of buying a house before i moved to Chandler, but looking at the interest rate and under priced houses, i started looking for houses, and finally bought one

In spite of the "lease penalty" . . . VERY WISE DECISION.

Good Luck

[observer53]

Originally Posted by phoenix_new

I didn't had any plans of buying a house before i moved to Chandler, but looking at the interest rate and under priced houses, i started looking for houses, and finally bought one

In another thread, that you started today, about cost of painting a house, you said your new house will "probably" be a four bedroom, etc., etc.,. So have you actually bought one yet, or not?

[phoenix_new]

Originally Posted by observer53

In another thread, that you started today, about cost of painting a house, you said your new house will "probably" be a four bedroom, etc., etc.,. So have you actually bought one yet, or not?

Closing in 2-3 weeks .... any particular reason for asking

[observer53]

Originally Posted by phoenix_new

In another thread, that you started today, about cost of painting a house, you said your new house will "probably" be a four bedroom, etc., etc.,. So have you actually


Closing in 2-3 weeks .... any particular reason for asking

The reason is that in one thread you clearly say you've bought one, and in another one, you talk about what you are probably buying. For purposes of either of these threads, closing's a formality. Thanks for clarifying.

I'm still wondering why you signed a year lease when you were actively out buying a house, and then start this thread asking how to get out of something you agreed to a month ago.

Enjoy the new home.

[talich]

The best idea is to have a month-by-month lease. That's what we did last month. Our deadline for renewing the lease is 20th. We don't know when whether we will get the house, so we told the apartment we will go with 6-month renew. However, we have our offer accepted at 18th, and so we decide to change the lease term to month-by-month. More expensive, but you don't pay penalty. After our house is closed, we immediately notify the apartment we will move out in a month.

I suggest you contact the landlord to see if you can switch to terms like month-by-month. You may have to pay some fees to do that. Just do some computation and see if that's a better choice. \

[oldtrader]

There is no incentive for the landlord to switch to month to month. The landlord will know you are doing it to get out of a lease, and won't agree. Just pay the two month penalty you agreed on and get on with your life.

[greendesert]

I've been in that situation and I say cut your losses and do whatever it takes to get out of the stupid lease. I'm sick and tired of the self righteous crowd out there beating us over the head with the law and contracts and crap. I've had my share of experiences with unflexible PITA landlords. In one case I literally paid off the entire price of the house during the time I rented. I was unemployed for a while and was offered a job accross country, and the landlord would not budge on a single thing even though we never missed a payment and did tons of work to maintain the house in good shape. I moved my whole family cross country in 2 weeks. When I had the opportunity to buy this house, I decided to take the opportunity and went for it, knowing that inspite of what I lost, I will never have to deal with another legalistic a-hole landlord again. At the time I decided to buy this house, when I called the landlord, I found out that the house was being foreclosed and he hadn't made a single mortgage payment during the time I rented from him. If your landlord was somewhat flexible, reasonable or had some heart, I wouldn't go that route, but seeing that she is in the PITA category, I say screw her! I have family that are landlords, and they're very understanding and don't make such a fuss about the whole "legality of the contract" thing. One of them told me that if a renter has been decent, didn't destroy the place, paid dutifully, if they found a house and decided to break the lease, he would just let them go without penalty. renters are not hard to find if you're a decent landlord. If you're a PITA landlord, well, people sense that, so no wonder they don't want to deal with you.

[observer53]

Originally Posted by greendesert

I've been in that situation and I say cut your losses and do whatever it takes to get out of the stupid lease. I'm sick and tired of the self righteous crowd out there beating us over the head with the law and contracts and crap. I've had my share of experiences with unflexible PITA landlords. In one case I literally paid off the entire price of the house during the time I rented. I was unemployed for a while and was offered a job accross country, and the landlord would not budge on a single thing even though we never missed a payment and did tons of work to maintain the house in good shape. I moved my whole family cross country in 2 weeks. When I had the opportunity to buy this house, I decided to take the opportunity and went for it, knowing that inspite of what I lost, I will never have to deal with another legalistic a-hole landlord again. At the time I decided to buy this house, when I called the landlord, I found out that the house was being foreclosed and he hadn't made a single mortgage payment during the time I rented from him. If your landlord was somewhat flexible, reasonable or had some heart, I wouldn't go that route, but seeing that she is in the PITA category, I say screw her! I have family that are landlords, and they're very understanding and don't make such a fuss about the whole "legality of the contract" thing. One of them told me that if a renter has been decent, didn't destroy the place, paid dutifully, if they found a house and decided to break the lease, he would just let them go without penalty. renters are not hard to find if you're a decent landlord. If you're a PITA landlord, well, people sense that, so no wonder they don't want to deal with you.

This OP signed a year lease when evidently he or she was already actively looking for a house to buy. That made no sense to start with. A two month penalty, which was agreed to by the OP when the lease was signed, is not unreasonable. Your situation is not like this one at all, though it's an unfortunate one that a lot of people have found themselves in.

[Foreverking]

I needed to move to Idaho last year ( IM BACK YAHOOOO!!!) anyway, my Rental office said to break my lease I would have to pay back 2 months worth of rent, the free month I was given, the current rent, and the 150 a month I was given off regular rates that a month to month renter would owe. $5500 dollars in all....OUCH, so I got on craigs list and found someone to take over my rent and finish out my lease. Not a sublet, but completely take over for me. I gave hime 1000 bucks to do it, and I took off the next day after the place was moved and clean. SO glad to be free of it. 2 months ago I signed a 4 month lease, Im getting ready to buy a home, which will probably take another month to 45 days. I recommend never signing a 12 month lease, as you just never know what your situration will be in 6 months anymore. The place I live has as little as 2 month leases, or just month to month to start. As far as the month left on my current lease....well the seller can take care of that for me, as per agreement.