Consequences for breaking an apartment lease

This is a discussion on Consequences for breaking an apartment lease within the Other Real Estate Law Matters forum, part of the REAL ESTATE & PROPERTY LAW category; What could be the legal consequences for breaking an apartment lease? Thank you......

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Old Nov 28th, 2008, 06:17 PM   #1
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Default Consequences for breaking an apartment lease

What could be the legal consequences for breaking an apartment lease?

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Old Nov 28th, 2008, 09:45 PM   #2
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Default Re: Consequences for breaking an apartment lease

A lease is a CONTRACT, between you, the tennant, and the property owner, that sets out the rules for both sides to follow, for the duration of the contract.

No change can be made without the consent of BOTH parties, under law, and if YOU break the terms of the contract, you can be held accountable for damages, and or the remainder of the contract payments, such as the remaining monthly rent payments, untill the contract is up, or the premises are occupied by a new tennant, who is paying rent to the owner.

The owner may also be able to go after you for the cost of any legal actions, such as eviction notices or advertsing to find new tennants, as well as the cost of repairs to the unit that you caused, or cleaning up the mess you left behind.

The owner is also able to put your name on the "bad tennants " state or national computer list that future property owners check to see if you are good or not, as a possible tenant. It is perfectly legal for a owner to refuse to rent to "bad tennants" . And your credit record will also show this information, which will affect your ability to get a loan, for whatever purchase, in the future. That stays on your credit record for 5 years.
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Old Nov 30th, 2008, 12:43 PM   #4
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Default Re: Consequences for breaking an apartment lease

Review your lease carefully however. There often are ways to break a lease that may not be immediately evident.

Or at least issues that can increase your negotiating power!
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