Lease Break Fees is What You Need to Ask About
Lease break fees could potentially eat up your budget and put you into a financial hole for months to come, when you’re not inquisitive enough, when signing an apartment lease. When you’re looking for an apartment, you’re always concerned about questions, such as the monthly rent, average monthly utilities, square feet, whether apartment has washer & dryer in unit and if it’s pet friendly. These are essentially important questions, but the question that’s almost never asked is what are the lease break fees, if in case I need to vacate before the lease is over? People are way to excited to sign their 12 month lease and move in as soon as possible. Unfortunately, most folks can’t even imagine that there might be a time when they have to vacate and break their lease early. What if you get a new job out of town or out of state? What happens if you plan to purchase a house of your dreams? Those are some of the factors that could trigger you in planning a move out early. Breaking your apartment lease is costly. The first you thing you’ll do is attempt to go to your leasing office see if they can let you out of your lease with the least amount of expense. Unfortunately, most of those reps will tell you to refer to your leasing agreement that you had signed months ago, which dictates policy and consequences of avoiding any lease break fees. Now is the time when you get to sit down with a feeling of regret. You’re basically blaming yourself for getting into this lease in first place, because it has the worst lease break policies you’ve ever imagined.
- 3 months rent
- 60 days mandatory notice