Get free, no obligation quotes from multiple providers

State Farm Insurance Allstate Insurance Farmers Insurance American Family Insurance Unitrin Insurance Travelers Insurance

CONSEQUENCES OF BREAKING YOUR LEASE

Breaking the lease is a major no-no that can result in serious consequences. If you do break your lease then this means you have broken a written contract and you could end up in court and getting a loan to pay for court fees because of it. There are a number of consequences to breaking your lease that you should be aware of.

In many instances, even if you break and lease and move out, you will still need to pay the rent until the agreement is over. If you break the lease after three months on a 12 months lease, then you will still need to pay the additional nine months rent unless alternative arrangements have been made. In addition to having to possibly pay the rent or some of the rent, you can also expect the landlord to take your damage deposit.

You may also experience a bad reputation and name after breaking the lease. Most landlords now ask for references from other property managers that you have rented under. If they contact your old manager and find out that you broke the lease, then this is going to reflect poorly on you and lower your chances of finding a decent place to live. In a competitive renters market, most landlords are going to choose the responsible tenant over the tenant that broke the lease agreement and moved out before it was time.

Alternatives to Breaking the Lease

If you feel like you need to move out, then talk to your landlord about it. Perhaps you can come up with an agreement such as staying until he is able to find someone else or paying the damage deposit or a few months rent for breaking the lease. Technically, if you break the lease you are responsible for the month's rent until the end of the agreement so any leeway on this is good for you.

In some instances bad things happen and most landlords are going to be understanding. If you and your boyfriend break up and he moves out, you might not be able to pay the whole rent on your own, even though you are meant to. Your landlord may allow you to sublet the apartment and get a roommate to help you pay or he may give you a month break so you can get the money together.

Losing your job, having a major accident or the sickness or death of a loved one can send your life spiraling out of control pretty quickly. Landlords understand this and most are willing to compromise. If you need to move home and help your mom out after she has suffered a stroke, then you will probably be allowed to break the lease with minimal damage done. However, if you want to move out because you have found a better apartment, then this is not going to work in your favor at all.

Be honest when speaking to your landlord about breaking the lease agreement. Don't lie about what has happened as this could end up biting you in the face down the road. Don't expect your landlord to be pleased that you need to break the lease and if possible, try to work around it so that you don't have to, even if this means asking for a rent extension or asking to sublet if you need to.

Talking to your landlord is the best way to avoid major consequences of breaking your lease agreement. Be honest and give him plenty of notice. Understand that you are in the wrong here and any leeway is better than nothing!

Learning Center