I am in a lease agreement for a property I currently live in. I am wanting to break the lease due to relocation and employment. The lease was due to end on the 17th March and I'm wanting to vacate on the 7th Jan.
The real estate is saying we are obligated to pay 4 weeks rent to the owner for breaking the lease term.
A friend told me that we only have to pay for any time that tenants are not occupying the property and all attempts by the owner have to be made.
Can someone please clarify.
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02-12-2015 13:18 #1
Real Estate Agents- need your knowledge!
02-12-2015 13:43 #2
Yes this is called a break lease fee. I'm not sure of the legalities of it all, but we had to pay it when we broke lease - we were told it was to cover readvertising etc
02-12-2015 13:47 #3
02-12-2015 13:50 #4
I'm not sure about what your lease agreements were, etc. but it should specify what you are responsible for paying for should you break your lease.
When I have broken a lease in the past, we were required to pay advertising fees (1 weeks rent) and then rent for however long the property was unoccupied.
02-12-2015 15:44 #5
We left a rental early when we finished building a house early. We had to pay until a new tenant moved in plus 2 weeks rent as a break lease fee to cover re-letting costs. It was carefully stated in our lease, we had checked about that because we knew we would have to break lease seeing as we were building.
03-12-2015 00:19 #6
Yep just check your special conditions in your lease - ours is 1 weeks rent ( to cover our costs) advertising and rent until tenant is found
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