When you signed your apartment lease, you probably had every intention of staying the whole time you agreed to stay. Life circumstances can make breaking apartment lease necessary, though. If you need to do so, it’s important to understand your rights and responsibilities.
Get Everything in Writing Because your lease is a legal document, breaking it can get tricky. Phone conversations may seem more personable, but putting everything in email helps you document not only what both parties say but also the date and time they say it.
Review Your Lease Agreement Most lease agreements have a re-letting clause. This clause outlines the specific requirements for breaking an apartment lease.
You should expect at least one if not all of several caveats:
Loss of damage deposit
The penalty fee for the re-letting process
Finding an approved new tenant to take over your lease
Minimum number of days required to give notice of departure
If the terms of your lease are not feasible for your situation, you may be able to negotiate a better deal with your apartment manager. Be prepared to make offers that can be beneficial to both parties.
Even if breaking apartment lease is expensive, it may still be more cost-effective than paying out the entire term of your agreement. By understanding your responsibilities and rights, you are in a position to make a good deal.