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October 26, 2007, Newsletter Issue #52: Early Termination Of Lease
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Tip of the Week
Before signing a lease, make sure you discuss exiting the lease, even if you intend on staying for the entire duration of the lease. You never know what will happen and emergency situations or situations beyond your control with work or family do come up. Find out if there is a penalty for moving out before the lease expiration date. There are different penalties or processes for moving out before the lease is expired, depending on the lease and the landlord. Usually you will only have to pay for the time until the apartment is re-rented, but it's a good idea to ensure that there are no hidden fees associated with breaking the lease.
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