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I am thinking about breaking my lease and moving due to a new job opportunity. My lease states there is a $2,000 early termination fee, which is fine with me. I asked the manager though, and she said it would still look bad on my record even if I paid the fee, since I am breaking the contract. Is that true? Doesn't seem reasonable to me that it will still go on my record, since I'd be cooperating and paying a pretty big penalty.
I am thinking about breaking my lease and moving due to a new job opportunity. My lease states there is a $2,000 early termination fee, which is fine with me. I asked the manager though, and she said it would still look bad on my record even if I paid the fee, since I am breaking the contract. Is that true? Doesn't seem reasonable to me that it will still go on my record, since I'd be cooperating and paying a pretty big penalty.
Not sure what "record" she is referring to. Will she give a bad referral?
Not sure what "record" she is referring to. Will she give a bad referral?
Not sure, thats what I am trying to determine, whether they can put it on your credit or rental history report or anything like that. Bad reference shouldn't happen either in my view, but thats not really what I am worried about.
I am thinking about breaking my lease and moving due to a new job opportunity. My lease states there is a $2,000 early termination fee, which is fine with me. I asked the manager though, and she said it would still look bad on my record even if I paid the fee, since I am breaking the contract. Is that true? Doesn't seem reasonable to me that it will still go on my record, since I'd be cooperating and paying a pretty big penalty.
Maybe you should nicely explain to the manager how wrong she is and that if she has any intention of putting anything negative on your "record" you'll see her in court!
It's a perfectly legal way to break your lease by paying a penalty to cover the LL's expenses in re-renting the place. She's wrong and she's daft!
I am thinking about breaking my lease and moving due to a new job opportunity. My lease states there is a $2,000 early termination fee, which is fine with me. I asked the manager though, and she said it would still look bad on my record even if I paid the fee, since I am breaking the contract. Is that true? Doesn't seem reasonable to me that it will still go on my record, since I'd be cooperating and paying a pretty big penalty.
Doesn't sound fair to me either and we never report a paid lease break fee as a lease break but as a mutual agreement to terminate the lease and actually is for 3rd parties not even mentioned other than the person being a good tenant and that we would rent to them again.
I am thinking about breaking my lease and moving due to a new job opportunity. My lease states there is a $2,000 early termination fee, which is fine with me. I asked the manager though, and she said it would still look bad on my record even if I paid the fee, since I am breaking the contract. Is that true? Doesn't seem reasonable to me that it will still go on my record, since I'd be cooperating and paying a pretty big penalty.
What record? The most she can do is say you broke the lease agreement but paid the penalty if a referral call comes in. I personally have never "put" or reported anything on anyone's record. About the most I can do is take someone to court get a judgement against them ( if a non payment situation), or give them a bad referral. But I can't actually report nonpayment or late payments to credit reporting agencies.
People think breaking a lease is end of the world stuff and bad juju will follow you. As long as you're following the rules stated in the lease about early termination there isn't a whole lot to be done. Everyone must follow the procedures/rules of the lease. I've had a tenant do a early termination. He did it right, called explained the situation, I got another tenant and all was well. We all moved on and the world didn't end.
The real issue stems when someone wants to break the lease but doesn't want to pay the penalties. Which isn't the case.
She tries to do anything you can take her to court but I doubt it will get to that. Make sure you get a letter stating that the lease is terminated and agreed upon both parties. Make sure you get a receipt and copy of the check /MO also.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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They could answer honestly if future potential landlord asks, and say that you broke the lease early. You could show the lease with the termination fee provision, but they could still select someone else over you just on the chance that you could do it again. If the new job is an improvement in pay and somewhat far away, hopefully they would not hold it against you.
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