i am buying my first new home, and need to get out of my lease early. what can i do to minimize the expense of breaking the lease?

Millsc3
Home Buyer
Loganville, GA

Answers (3)
Stacey Wyatt
Agent
Atlanta, GA

MIllsc3,

If you are renting from an Apartment Community, they are usually very rigid. I am sure your Lease Agreement requires either a 30 or 60 day notice, so I would at least submit a written letter notifying them of your intent to break the lease to get the clock ticking. Most of the larger Apartment Communities charge a substantial cancelation fee which should be clearly outlined in your Lease.

Now, if you are renting from a private party, then I would appeal to your Landlord's senses. If your Landlord is a tough cookie, it may not help but it is worth a shot.

Good luck and congratulations on your first home! There is no better feeling than owning your own home!!

Fri Sep 4 2009, 19:30
SANDY MARTIN
Agent
Atlanta, GA

The expense of doing so should be spelled out in your lease agreement; if it is not, talk with your landlord, they will tell you exactly what the cost will be to break the lease. Some will usually let you out when purchasing with an administration fee and no return of your security deposit.

Fri Sep 4 2009, 19:15
Michael Hammond
Agent
30078
FIRST ANSWER

What does your contract say, Mills? If you have a buyer's agent, they should be able to help you immensely. Please let me know if you are attempting this solo, and we can go over your options.
Good Luck!

Fri Sep 4 2009, 06:37

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