Take Over Lease

The average lease break penalty directly depends on the cost of your monthly lease. For example, if you’re currently paying $2000 per month for your lease, then it means that to break an apartment lease with your complex, you would need to submit a 60 days notice to vacate and pay an additional lease break penalty equivalent to 2 months rent.

In other cases, you may not even have a lease break option to exit your lease. The reason being is that your leasing complex may tell you that you’re responsible to pay the rest of your lease or find a replacement tenant to take it over. This is usually the case when you’re a student in an off-campus housing.

Generally speaking, an early termination fee, if any, will be contained in your lease, together with any terms required to terminate the lease early.

average cost to break a lease

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