need information on early termination of 2 year lease

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gone4now
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need information on early termination of 2 year lease

Post by gone4now » Sun, 30 Jan 2011 4:11 pm

Hi
We have a 2 year lease on a beautiful house. Sadly it's not quite in the right district and as a result, I spend way too much time driving various little people around to their various activities.
Is there a legal and amicable way of getting an early termination on a 2 year lease without either losing the job, moving away from the country, or finding another tenant to agree to move in?
There is a diplomatic clause in the lease.
I thought I read somewhere that one could move out after 14 months without having to cough up the rest of the lease-duration rents.
Any info well appreciated.
Gone4now

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revhappy
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Post by revhappy » Sun, 30 Jan 2011 4:39 pm

You can try talking to your agent/landord. If rents have increased significantly since the time you rented, that might be a motivation for you landord to get a higher rent and hence you might get out with minimal losses.

So check your with agent. If your landlord is reasonable you might be lucky.

Ratpick_2000
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Post by Ratpick_2000 » Sun, 30 Jan 2011 6:46 pm

Agree with above. We just agreed an end to our 2 year lease after 4 months, with an amicable departure from the house. We agreed to stump up the commission we originally paid, for the new tenants.

Good luck

gone4now
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Post by gone4now » Sun, 30 Jan 2011 9:46 pm

Thanks for these replies.
Did you have to find the actual tenants yourself ? Or did you just agree to pay the commission ? If so, was it for both agents ?
The lease was signed over the summer, and I haven't been paying attention to the rent rates. Have they gone up since ? Where is the best way to get ahold of that information?
Thanks...
G4N

Ratpick_2000
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Post by Ratpick_2000 » Mon, 31 Jan 2011 3:21 pm

We agreed to pay our original agent commission. She has marketed the place and agreed to split what is money for nothing anyway. Everyone is a winner: landlord gets higher rent, agent gets free commission, we get to move out. Don't let anyone make you feel bad.

gone4now
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Post by gone4now » Tue, 01 Feb 2011 5:37 pm

Thanks for the kind words of encouragement. So far, everyone else around seems to think we are likely to hit a wall of insurmountable difficulties...
So I guess we need to hedge our bets.
Thks.

Cicilia
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Breaking a lease

Post by Cicilia » Mon, 07 Feb 2011 12:41 am

Hi we also just break our lease, but found the new place not ready till mid April at least, I need to find a place for a month to stay, from the 26th March to 26th April, If anyone have unit available for these month, it will be answer to our prayer. Pls pm. Require Min 1 bedder.

Lesson learnt, make sure you have a roof over your head before breaking your lease.

Rent has gone up lately, breaking a lease is not so hard, providing the landlord is agreeable and the place is convenient.

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