What happens if you break your lease? How can I legally break my lease due to financial hardship? Can you break a lease if your being harassed by a landlord? A broken lease can severely affect your tenant rating and. Depending on your reasons, your landlord may be sympathetic and not penalize you.
At worst, however, breaking a rental contract could have serious consequences.
You could get lucky: Some leases have an. If so, you might owe your landlord some money for the costs associated with re-renting your place, such as the time it takes to show your unit to prospective tenants. I would be liable for the remaining months rent. I give a 30-day written notice then they cannot legally charge me for anything beyond.
Yes, it can hurt your credit score, but only if your landlord reports you to the credit agencies. If I were a landlor I would. Yes, it could hurt your ability to rent again in the future, but again, not necessarily.
What this means is that the landlord has to make a reasonable effort to rent the apartment to. Also, the status of the local rental market might also affect what happens after you break your lease —if there’s a lot of rentals on the market, your landlord might not be able to rerent, and you might be on the hook for all of the remaining rent. (more…)