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| Subject:
breaking lease agreement
Category: Miscellaneous Asked by: stepnwlf-ga List Price: $5.00 |
Posted:
19 Nov 2004 01:01 PST
Expires: 19 Dec 2004 01:01 PST Question ID: 430989 |
What's the penalty for breaking a year's lease in North Carolina? I know that all lease agreements are different and I need to talk to my leasing office but I want to be prepared when I go talk to them. Can they make me pay the duration of the lease even if I move out? Do I have any legal protection? I wouldn't mind paying a months rent as penalty or something similar but I'm afraid if I ask them without any knowledge they will just tell me I'll have to pay the duration and won't be up front with me. I also don't want to hire a lawyer to anaylize the "War & Peace" length lease agreement. Any help will be greatly apreciated. I know this sounds super strange so let me know if you need any clarification. |
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| There is no answer at this time. |
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| Subject:
Re: breaking lease agreement
From: research_help-ga on 19 Nov 2004 07:50 PST |
This isn't strange at all - people break leases all the time. Some people are not concerned with their credit rating and the reference so they just disappear and don't make any more payments. However, I hope the vast majority of people are honest. It varies by state, but the typical law is that you are responsible for rent until the landlord starts getting paid by the next tenant. The landlord is obligated to make a "reasonable" effort to find a new paying tenant. You may be responsible for advertising costs, etc for the landlord to do this. This is a gamble though, because if they find a new paying tenant right away, you have little liability. However, if they are unable to find someone to pay the same rent as you, you have to keep making monthly payments until they do (which could last the duration of your lease.) |
| Subject:
Re: breaking lease agreement
From: christophage411-ga on 25 Nov 2004 22:50 PST |
Oftentimes you are made to put down a security deposit, just in case you break the lease you won't get it back. I'm not familiar with North Carolina law, so I am not sure if there is an actual law against breaching the contract. I suggest going back and reading the lease agreement that you signed. |
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