RentToOwn-HouseFinder.com

Can we move out from rental appartment before lease expire to buy a house ?

I'm buying own house and want to move there in 2 months.But my lease expires only on August. Someone told there is a clause somewhere in the law protecting 1st time home buyer's.I live in New Jersey. thank you, ajoejee.

Public Comments

  1. sure but you will still owe the lease payments
  2. You can leave any time you want, but you will be bound to your lease until early August. I gather that someone told you that you could get out of your lease because you are a first time home buyer. "Someone" is entirely wrong. Your lease remains binding, home purchase or not.
  3. Whoever told you that was incorrect. If you move before the lease expires you must pay according to the contract's stipulations.
  4. NJ has no such law. You do have a few choices though.. 1. sublet the apartment if your lease allows such 2. negotiate a buyout with the landlord 3. find a suitable replacement tenant
  5. The best thing to do would be contact your landlord and explain the situation. We work with our tenants. Generally if they want to break a lease early we require 30 days notice and a two month penalty plus surrendering the security deposit. Of course you can just walk away and leave the deposit, but you risk having a judgement against you. It just depends on how established and serious the property management company is.
  6. Your purchase is not related with your lease in any way. Most landlords let you buy your way out, you need to talk to yours.
  7. There is not a law like that. You are responsible for the remainder of the lease unless you can find a replacement tenant. Talk to your landlord now.
Powered by Yahoo! Answers