Yes, absolutely. You are under contract with the homeowner. Whether it is a lease or month to month , you are under the obligation stipulated by the terms of the contract. If you default, the homeowner can initiate pay or quit notice. You might be responsible for all legal expenses if you are found guilty during the legal proceedings. It might also damage your credit, which might hinder you from finding a future place to rent or purchase. I recommend that you have an open communication with your landlord and find out if they will release you from the contract. It might be worth a try. Good luck.