I have general question, maybe someone can answer from their prior experiences or known knowledge. My question is I sign a apartment lease for next year. The renewnal does not start until 8/2002. If i break the renewnal that has not started yet what will happen?
i THINK once you sign on the dotted line you are obligated. which mostly likely is your rent times 12 months. correct me if i am wrong though.
You must give notice , as written in your contract(least) ahead of time, indicating you are not interested in renewal. Please Please Please spend a minute and read your lease, every answer you have is there trust me.
Just curious....what made you renew the lease this early? Is this a property mgmt co, individual owner, or apt community? I would speak to the Manager ASAP, and advise that you will not be able to fulfill that lease...often times they will work with you, especially since the renewal is not up until August. If you are in a CURRENT lease until August, then you are responsible through the expiration (I worked in property mgmt for a few years).... hope this helps. MAKE SURE whatever agreement you and Mgr/landlord come to is in writing!
I am in college apts but reason for not wanting to stay is because I am considering purchasing a townhome and i do not want to pay rent for both.
Also for the apartment complex I am in they start giving us our renewals to sign about 6 months before the expiration date. If you usually don't re-sign by there specific deadline, they start offering your apartment to someone else for the following year which could leave you out of an apartment. That is the main reason I signed it just in case.
Technically, you will be responsible for the landlord's lost income until the placve rents again. The landlord has a responsibility to try "in good faith" to re-let the apartment. Once it re-lets, you are off the hook as he can't claim damages in the form of lost rental income. If you work with them in advance, most landlords will be cool and work with you. Just remember to get the deal in writing. Dancer
Sounds to me like they would be flexible....circumstances change, especially for college students! I would speak to the manager today, and let him/her know that you signed in haste, and want to cancel that contract. There shouldn't be any problems 9those apts usually re-rent quickly)....make sure you give a thirty day notice prior to your lease expiring!
The only thing about this is that he has signed a renewal 4 months prior to it even going into effect (which is unusual, but it happens) I think by talking to the MGR asap, you have an excellent chance of cancelling the renewal.
