Sometimes tenants need to move before their lease agreement ends. This situation is known as breaking a lease.
While breaking a lease is possible, tenants may need to compensate the landlord for certain costs.
Possible Costs When Breaking a Lease
Depending on the state and lease agreement, tenants may be responsible for:
- rent until a new tenant is found
- advertising costs for finding a new tenant
- re-letting fees charged by property managers
Negotiating with the Landlord
Many landlords are willing to negotiate if tenants communicate early and assist with finding a replacement tenant.
Providing adequate notice and helping with inspections can reduce costs.
Exceptional Circumstances
In certain situations, tenants may be allowed to break a lease without penalties, such as:
- domestic violence situations
- property becoming unsafe
- significant hardship
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