Blog Post Breaking your apartment lease in NYC?

Breaking your apartment lease in NYC?
Jul

5

2014

Breaking your apartment lease in NYC?

Breaking an apartment lease in NYC will cost you a lot of money. If you live in an apartment in New York City, your rent payment for a one bedroom could range anywhere from$1600 to a whopping $4000.  Unfortunately, the prices in NYC are thru the roof and everyone knows that. However, you don’t realize what you have gotten into until you have to move out of your current apartment before your lease is over.
If you live in New York City and you’re looking to break your apartment lease, you may want to talk to your landlord or someone at the leasing office first.  If you have a legitimate enough reason, like Army enlistment, visa problems with your country of origin and you have proper documentation to prove it, then your landlord should be able to work something out with you.  If so, then your problem is resolved.
However, not every NYC landlord will be as nice as you want them to be. They will strictly play by their rules and their rules are what’s stated on the leasing agreement that you originally signed. In that agreement, it may say that in case you’re breaking a lease, you’d be losing your security deposit, plus two months rent. In the worst case scenario, you may be liable for paying rent for the remainder of your lease, depending on the situation and the particular court hearing the case, if it ever comes to your landlord taking you to court.
You may be in the situation where your monthly apartment rent is $3000 per month, and if you’re told you’d have to pay a two month’s rent to break your lease successfully, then you’d be looking at $6000 out of pocket right away. 
Breaking an apartment lease in NYC can have a tremendous financial impact on you and your family.  One way to avoid paying these hefty fees is to hope for your landlord to allow you to find someone who can take over the remainder of your lease.  It’s not an easy job if you’re doing it all on your own.  You may need to hire professionals to help you get this headache resolved for you.    

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