Comments on: How to Get Out of an Apartment Lease http://www.moneyrelationship.com/housing/how-to-get-out-of-an-apartment-lease/ Eliminate Debt, Enjoy Life Wed, 08 Feb 2012 06:34:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Matt @ StupidCentshttp://www.moneyrelationship.com/housing/how-to-get-out-of-an-apartment-lease/#comment-916 Matt @ StupidCents Wed, 04 Mar 2009 21:36:17 +0000 http://www.moneyrelationship.com/?p=844#comment-916 @Adam - We ended up not going there even though we thought it was the best location for us. @Adam – We ended up not going there even though we thought it was the best location for us.

]]> By: Adamhttp://www.moneyrelationship.com/housing/how-to-get-out-of-an-apartment-lease/#comment-904 Adam Tue, 03 Mar 2009 18:41:34 +0000 http://www.moneyrelationship.com/?p=844#comment-904 @Matt - That's crazy! Did you end up moving there? I would have said forget it! Especially knowing that if we would have to move suddenly, we would have to pay for TWO apartments! They just wanted to wait to put you into an apartment that was truly vacant (no income for them) so they could increase their revenues. Sad. :-( @Matt – That’s crazy! Did you end up moving there? I would have said forget it! Especially knowing that if we would have to move suddenly, we would have to pay for TWO apartments! They just wanted to wait to put you into an apartment that was truly vacant (no income for them) so they could increase their revenues. Sad. :-(

]]> By: Matt @ StupidCentshttp://www.moneyrelationship.com/housing/how-to-get-out-of-an-apartment-lease/#comment-903 Matt @ StupidCents Tue, 03 Mar 2009 18:32:24 +0000 http://www.moneyrelationship.com/?p=844#comment-903 This brings up something that happened to my wife and I last year. We were looking for an apartment together for when we got married. We liked the location of one apartment complex and asked to see some of the units. The manager had said there were no openings, and that we would have wait until the first of the month which was a few weeks away, but we could still see those units that were coming available. After looking at some of the units, it looked like the tenants were on the move and the place looked vacant. We explained we really needed to move in as soon as possible and maybe we could work out a deal with the existing tenant since it was obvious they were not living there. The manager refused. We then moved our focus to other apartment complexes. A few days later the manager calls saying that she has an opening right away. We came to check it out...the manager explained the tenant has moved out since they purchased a home, but still have 7 months on the lease. It was their policy that you can't buy out a lease or sublet. Interesting... It's funny, even though we explained we wanted to move in ASAP, they didn't want to divulge this secret, because to them, they knew they were getting their money anyways. Now with the given market, I wouldn't be surprised if they have tons of open units! Stupidly Yours, Matt This brings up something that happened to my wife and I last year. We were looking for an apartment together for when we got married. We liked the location of one apartment complex and asked to see some of the units. The manager had said there were no openings, and that we would have wait until the first of the month which was a few weeks away, but we could still see those units that were coming available.

After looking at some of the units, it looked like the tenants were on the move and the place looked vacant. We explained we really needed to move in as soon as possible and maybe we could work out a deal with the existing tenant since it was obvious they were not living there. The manager refused.

We then moved our focus to other apartment complexes. A few days later the manager calls saying that she has an opening right away. We came to check it out…the manager explained the tenant has moved out since they purchased a home, but still have 7 months on the lease. It was their policy that you can’t buy out a lease or sublet. Interesting…

It’s funny, even though we explained we wanted to move in ASAP, they didn’t want to divulge this secret, because to them, they knew they were getting their money anyways.

Now with the given market, I wouldn’t be surprised if they have tons of open units!

Stupidly Yours,

Matt

]]> By: Adamhttp://www.moneyrelationship.com/housing/how-to-get-out-of-an-apartment-lease/#comment-902 Adam Tue, 03 Mar 2009 17:38:47 +0000 http://www.moneyrelationship.com/?p=844#comment-902 @Red - It's great to see these tips in action. Something that everyone should take from your comment is that you have been a great tenant. As long as you continue to treat the landlord with respect (and rent payments), they will be more willing to work with you if you get in a bind. Thanks for the comment! @Red – It’s great to see these tips in action. Something that everyone should take from your comment is that you have been a great tenant. As long as you continue to treat the landlord with respect (and rent payments), they will be more willing to work with you if you get in a bind. Thanks for the comment!

]]> By: redhttp://www.moneyrelationship.com/housing/how-to-get-out-of-an-apartment-lease/#comment-901 red Tue, 03 Mar 2009 17:03:09 +0000 http://www.moneyrelationship.com/?p=844#comment-901 I just recently broke the lease on my apartment to move home with my parents while returning to school. I was in the same apartment for 2 1/2 years and hated to leave, but realized returning to school was more important than whatever I would have to pay to stay. I approached my landlord with my situation. To my surprise, because I had been there for more than 1 year, they were very flexible with me. I had to pay 1 months rent to break the lease and I was out. Even more surprising, a month later they returned my entire deposit, the cost of 1 months rent, plus the interest earned for the 2 1/2 years I was there. I never thought to ask about the deposit, I assumed it was a sunk cost. I actually ended up making nearly the same back (my rent had gone up a bit in the years I was there). What I assumed would be a horror story to break the lease was not! I will definitely return here once I finish my degree and move back out of my parents house! I just recently broke the lease on my apartment to move home with my parents while returning to school. I was in the same apartment for 2 1/2 years and hated to leave, but realized returning to school was more important than whatever I would have to pay to stay. I approached my landlord with my situation. To my surprise, because I had been there for more than 1 year, they were very flexible with me. I had to pay 1 months rent to break the lease and I was out. Even more surprising, a month later they returned my entire deposit, the cost of 1 months rent, plus the interest earned for the 2 1/2 years I was there. I never thought to ask about the deposit, I assumed it was a sunk cost. I actually ended up making nearly the same back (my rent had gone up a bit in the years I was there). What I assumed would be a horror story to break the lease was not! I will definitely return here once I finish my degree and move back out of my parents house!

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