How to Break a Lease Agreement When Purchasing a Home
Breaking an apartment lease can be a challenging process, since a lease is a legally-binding document. Knowing how to break a lease agreement when purchasing a home can benefit you and the property owner. Moreover, you can do some things to make the transition easier for both of you. If you do not want to be held liable for the remaining rent due for the period of the lease, you can offer your time to help the owner find a suitable renter.
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Instructions
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Inform the property owner that you are vacating. Be sure you mention that you are purchasing a home, so they understand you are not breaking your lease recklessly. Try to do this at least sixty days before you plan to leave, but if you do not have that amount of time, tell the owner as soon as you know.
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Help find a sublet. To build good faith, work with the property owner to fill the vacancy you will leave. In some cases, you could offer to place the advertisement in newspapers and at rental services for a fee that you will pay.
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Maintain utilities in your name until the new renter signs a lease. You are responsible for the utilities and shutting them off can cause a problem for the property owner. Therefore, he or she may decide to make things harder for you since you have inconvenienced them again.
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Keep the lines of communication open. Keep the property owner in the loop and explain how things are progressing. This shows that you are serious about helping to find a new renter.
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Clean the apartment. Make it look appealing to a new renter. This helps expedite the process, as most renters are looking for a place that is fresh and clean.
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Tips & Warnings
Communication is very important when you are breaking an apartment lease early. Be prepared to pay a prorated portion of rent if the place does not rent before you move out. This, of course, is up to the property owner and depends on your relationship.
