How can I get out of a lease without incurring damage to my renters credit. And could they come after rent on the rest of the lease?
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How can I get out of a lease without incurring damage to my renters credit. And could they come after rent on the rest of the lease?
Its a 2400 a month house with only myself and my roommate. I was laid off and we just want out. Lease is til November.
Asked on May 16, 2009 under Real Estate Law, Utah
Answers:
J.M.A., Member in Good Standing of the Connecticut Bar / FreeAdvice Contributing Attorney
Answered 14 years ago | Contributor
This is an unfortunate situation and is common in the economy. Many landlords are willing to work with their tenants as a result of job loss. I suggest having a face to face with the porperty manager/landlord and discussing the situation and provide him with a plan of your ability to start making payments again when you secure new employment. You may be able to put something in writing saying that you can get a few months free and then begin paying at a new reduced rate. you never know unless you ask. If you walk away without paying the landlord can sue you and if he gets a judgment it will affect your credit. Make the phone call to set up the meeting. If you want to move, ask to pay a reduced rate to get out of the lease, unless the lease has a provision for that.
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