When you sign a lease agreement, you are entering into a legally binding contract with your landlord. Breaking a lease agreement can come with serious consequences, both legally and financially. If you find yourself in a situation where you need to break your apartment lease, here are some of the things you can expect to happen.
Firstly, you will likely be required to pay early termination fees. This can range from one to three months’ rent, and can be a substantial amount of money. Depending on the circumstances surrounding your need to break the lease, your landlord may be willing to negotiate the amount of the fees.
In addition to early termination fees, you may forfeit some or all of your security deposit. Landlords use security deposits to cover any damages caused by the tenant, so if you break your lease, your landlord may choose to keep your deposit to cover the cost of finding a new tenant and any repairs needed.
If you break your lease without the appropriate legal justification, such as military deployment or a health emergency, your landlord may also take legal action against you. This could result in damage to your credit score, as well as additional legal fees and court costs.
Another consequence of breaking your lease is that it could make it more difficult to rent in the future. Landlords frequently check rental histories, so if you have a history of breaking leases, it could be a red flag for potential landlords. This could make it more difficult to secure future leases, or result in higher deposit or fee requirements.
Finally, breaking a lease could also strain your relationship with your landlord. While it may be necessary for you to break your lease, it can still create tension between you and your landlord. Maintaining a good relationship with your landlord is important, as they are responsible for maintaining the property and handling any issues that arise during your tenancy.
In conclusion, breaking an apartment lease agreement can have serious consequences. From early termination fees to legal action, it’s important to carefully consider your options before breaking a lease. If you do need to break your lease, try to do so with appropriate legal justification and in good communication with your landlord. This will help to minimize the negative consequences and maintain a positive relationship with your landlord.