Be prepared for some penalty.
If you have to break the lease due to a hardship, for example you or the other primary income earnerr just received a lay off notice and can no longer afford the monthly lease payment. The landlord may give a break and release you from the terms of the lease without penalty. You of course would need to provide documentation proving the layoff.
If you are breaking the lease simply because you changed your mind, then you will more than likely loose your deposit. And if you are dealing with a real cut throat landlord, he/she may still try and hold you to the lease.
Remember the agreement is valid once the contract is fully executed. "Move in date"
is not a factor.
Best of luck to you!
Kawain Payne, Realtor
Prudential California Realty
Realty Executives Dillon
You would be in breach of your contract, but the landlord would be responsible for finding a new tenant to mitigate your loss. The worst that would happen is you'd lose your security deposit. The court will favor the tenant if the landlord would even think about trying to seek damages. If they landlord can get the place rented at the same time you were supposed to take up occupancy then you should be refunded your security deposit.