With a new apartment lease, does the tenant have a window of time in which to change his mind and cancel the lease without penalty?

Asked on July 19, 2012 under Real Estate Law, Alabama

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 8 years ago | Contributor

No, unfortunately, there is no "cooling off" or rescission period on a lease (the way there is, for example, on a mortgage). Once you sign the lease, you are obligated to it. The landlord can hold you liable for the rent for the full term of the lease (or until he/she re-rents the premises, whichever comes first).


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