Breaking a lease?
If you break your lease you will be responsible for every day or month until the unit is re-rented to a new tenant. Depending on the lease agreement, which is very rare, if it states that you are only responsible for one month then you should be fine. The only time that you do not have to pay the remainder of your lease is if you had to break your lease due to "unsafe" circumstances. Examples: Your apartment or vehicle has been broken into many occasions and the company cannot provide you with 24 hour security. There are rats or other unsanitary conditions happening in the apartment, also fire hazards that the apartments refuse to fix or have neglected. You have an ex or someone who is harassing/stocking you or your life is in danger due to the individual(s). Otherwise, if it was due to financial hardship or for other personal reasons, you will still be liable for the unit until they find new tenants. You can contact the Tenants Union in your area to get info on your rights as a tenant.
Can I pay a car lease off in full early?
With most auto leases yes, but there is no benefit since they won’t reduce the total amount you’ve contracted to pay.You never stated your reason to payoff early. If you don’t like the car you can try getting someone to assume the remainder of the lease. There are sites like Worlds Largest Lease Marketplace , http://leasetrader.com and http:/www.leasequit.comIf you’re looking to lease an almost new car for shortish term or to see if you like a particular car there are some good deals on these sites…many people will pay a premium to get out of their lease effectively lowering your monthly payment if you take their lease over.
Do I always have to pay the rest of the lease months if I cancel my lease before I renew it?
Most residential leases require you to pay the full amount remaining on the lease if you break it. Most states require the landlord to mitigate the damage. This means that the landlord is required to take reasonable efforts to re-rent the apartment. If the apartment is rented prior to the end of your lease, you would only have to pay up to the point at which it is re-rented.Some leases have a lease break clause. This clause will allow you to pay a penalty of a couple of months of rent if you break the lease. Most leases do not have a clause like this though. You can try to negotiate with your landlord. See if they will allow you to pay a fee to break the lease. If this is the case, make sure you get a signed document relieving you of your responsibilities under the lease in exchange for the payment.Make sure you do whatever is required to prevent automatic renewal of your lease. Some leases have an automatic renewal clause. These clauses require the landlord or the tenant to provide notice if they will not be renewing the lease. This notice is often 60 days. So check your lease.
What happens if I break my lease?
I'm currently in a shitty apartment that I had no way of knowing about before I moved in, plus different circumstances mean I may have to move out of state. What actions can my landlord take? I know I can be summoned to court but what is the extent and penalty of that? If I move out of state before court what will the penalty be? Thanks
Moving out before lease is up?
Maybe. If the people living with you can qualify (ie credit check, income requirements, etc...) for the apartment without you or your boyfriend, then yes. Everyone will have to sign a release form after your management company has confirmed that the applicants (ie the 2 other people) are approved. If they do not qualify to have then you are still subject to the cancellation terms of your lease agreement. Be careful though and make sure they are qualified, because my fiance and I were in an identical situation when we first got together. The apatment complex didn't do a check and just let us all sign the release forms, but 4 months later when they had and audit, they discovered that our old roommates did not meet income requirements to have the apartment without us. We were lucky enough that they were willing to move right away and the management company cancelled the lease agreement because it was their error to not check, but if our roommates where not so nice and had to be evicted, we would have been subject to those charges. I would check with your management company and the terms of your lease before decided to move or take any further actions. Good luck, and God Bless!!!
If I pay a car lease upfront, what would happen if the car is stolen or totaled? Do I lose the entire paid balance and have to get a new lease?
Although doing a single-pay pre-paid lease lets you avoid monthly payments, it has no other advantages. And it a disadvantage that you already seem to suspect.One of the primary advantages of leasing is that no down payment is required, in most cases. This means you have no money tied up in the vehicle, except for payments that you have already made. If your car is stolen or totaled, your insurance company pays the lease finance company the current market value of the vehicle, which in most cases is not enough to cover the remaining lease balance. That’s where GAP insurance comes in, which is included with most leases, or available at a small extra cost. It pays the remaining balance and you owe nothing, and have lost nothing other than your payments.Now . . . . If you pay the entire lease cost up front (pre-paid lease), and you total your vehicle (or it’s stolen), the deficiency in insurance settlement comes from the money you have already paid, negating the huge benefit of GAP coverage. Technically any remaining money should be refunded to you by the lease finance company but these companies have recently been finding legal ways to keep some or all of your money.In short, the risks of a pre-paid lease are hardly worth the convenience of avoiding monthly payments. Save your cash for more worthwhile and productive purposes.
Getting out of apartment lease?
Okay, so last September I signed a year long lease on an apartment. I had a full time job and was able to pay my rent on time each month and things were good. In April, I lost my job and I still haven't been able to find a new one so I need to get out of my lease. Is there any way that I can go about it without getting too penalized? Also, I'm surrounded by drug dealers and I don't feel safe living here at all..does that help matters at all with me trying to get out of the lease? Thanks in advance!
What happens when you break your lease and don't pay?
1. You would get sued for any damages your breach caused. Meaning any back rent, rent for the time the unit remained unoccupied, attorney fees, court costs, late fees & filing fees. 2. The landlord, if he's smart, will turn your case over to a collection agency or lawyer. 3. The agency/lawyer will actively persue collection for 10 year (20 years if they apply for a renewal) 4. They can garnish your wages, levy your bank accounts, seize your IRS returns and attach liens to any property or car you may own. 5. Put a huge ding on your credit report...making it nearly impossible to pass a credit check at another apartment.