How to Negotiate a Move-Out Payoff
Lessees renting a home, condominium or apartment may have cause to terminate the lease early, such as when buying a home or being relocated for work. In these situations, the lessee must still deal with the lease provisions and terms regarding his obligation to fulfill said lease. However, the lease can be negotiated to suit the needs of both the landlord and lessee and result in an amicable business transaction.
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Instructions
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Review the lease agreement. Look through the lease to find any early termination or lease breaking fees. In some rental agreements, the renter may have to surrender his security deposit and/or the last month's rent paid prior to moving in.
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Calculate the balance due. Take the monthly rent amount and multiple it by the number of months that won't be fulfilled. For instance, a two year lease agreement of $800 per month that it going to be shortened by five months would have a balance of $4,500.
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Meet with the landlord. Schedule an in-person meeting with the landlord. Explain your situation. If you are moving because of work or buying a home, the landlord is likely to understand. Offer to forfeit your deposit and/or last month's rent first. If the offer is turned down, offer to pay a percentage of the lease balance and receive a counteroffer. Start at the lowest amount you believe reasonable and work up slightly from there.
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