Ending Lease to Buy House...

Cherokeekid88

Cherokeekid88

Well-Known Member
Joined
Jun 30, 2007
Location
High Point, NC
So the fiance and I are in the process of looking for a house. We are leaving in an apartment for the time being and have been for almost a year and a half. Our lease ends in October, but we are looking to move into a house as soon as we find one that we both like, So I am thinking around march-april if everything goes well. My question is, if our lease doesn't end for 6 months after that and there is a fee/fine, is that something that can be negotiated into the price of the house? or what?
 
read your lease, then talk it over with the appt. complex. The earlier you do that, the more likely you are to get oout of your lease w/o any fees. Maybe it could be rewritten into a 6 month lease.
An like Blaze said, the seller of the house could care less about your leasing situation. If you're strapped for cash, maybe you could negotiate with the seller could throw in some money for your closing costs (not uncommon), freeing up some cash to get out of the lease. That upfront cash usually makes its way into the purchase price and your mortgage though.
 
I am pretty good friends with the leasing manager, so that part might be on my side. we didn't want to sign a 6 month lease when our last lease was up because it jumped like $200 a month more and we are still trying to save money, so we went with the 1 year lease with the intention of breaking it when we did find a house. This is all new to us, so we are still learning...hopefully, something will be able to be worked out in our favor.
 
Cherokeekid88 said:
I am pretty good friends with the leasing manager, so that part might be on my side. we didn't want to sign a 6 month lease when our last lease was up because it jumped like $200 a month more and we are still trying to save money, so we went with the 1 year lease with the intention of breaking it when we did find a house. This is all new to us, so we are still learning...hopefully, something will be able to be worked out in our favor.
Click to expand...

Probably not... Ive done it, they happily screw you over, some are worse than others, mine was 90 days or until the apartment was rented, whichever came first, and tehy would prorate. I got hit for 3 months rent. Fucking brutal.
 
Cherokeekid88 said:
I am pretty good friends with the leasing manager, so that part might be on my side. we didn't want to sign a 6 month lease when our last lease was up because it jumped like $200 a month more and we are still trying to save money, so we went with the 1 year lease with the intention of breaking it when we did find a house. This is all new to us, so we are still learning...hopefully, something will be able to be worked out in our favor.
Click to expand...
here's a hint. read the lease before you sign it, especailly if you intended on breaking the contract :shaking:
 
I am gonna try to talk to him and see what I can do or try to convince the wife to be, to hold off a little bit on getting a house....we both just want to get out of the apartment so bad....
 
When i moved out of my apartment, I tried to break the lease a few months early. They told me I was free to move whenever I wanted to, but that I had to pay rent until the lease was up.
 
hmmm.....I was just talking to someone at work and they said that they had a good experience with breaking a lease....they were just charged a couple hundred dollar penalty breaking the lease a few months early....What I might try to do is to see how long I can hold off the wifey to be maybe till the summer, that way it isn't such a long span of time left if we break early.
 
Post a copy of your lease so we can read it. You can delete the $$$$ amounts
 
Have you thought about sub-leasing? If you're out by April, you could sublet the apartment for 6 months.

I agree with the above posts, if the landlord and current homeowner aren't the same or related, they probably won't care about your situation. Everybody's after the almighty dollar!
 
levellinebrad said:
Post a copy of your lease so we can read it. You can delete the $$$$ amounts
Click to expand...

yeah - I don't mean to be an ass, but this is all kind of moot. The answer will be in the lease, just find it and read it.
At least, that is the "worst case" scenario.

I have had 3 occasions where I've broken a lease and moved. Twice it was to buy a house. In every case, it was no big deal, I explained the situations to the landlord and we struck a deal.
But then I also made it a point in every case to help make sure they had another tenant lined up and bent over backwards to make sure we had a great relationship.

Option #2 - make yourself an undesirable tenant so they are happy to let you go sooner rather than later :D
 
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