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Whats involved in breaking lease??

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Weve just seen a bargain and want to start the ball rolling, to buy it!! But...weve got another 8 months left on our lease...whats the costs involved in breaking the lease?!

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I believe that they can get you to pay for the cost of advertising - you need to check your rental agreement.

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Hiya, guess that's expensive>??

 

I believe that they can get you to pay for the cost of advertising - you need to check your rental agreement.

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I know when we were considering breaking a few years ago, we were fully r sponsored for the rent until either the end of the lease or a new tenant was found.

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As far as I know, you are reponsible for advertising costs for a new tenant. You are also reponsible for the rent until a new tenant is found or your lease expires, whichever occurs first. If the property is re-rented at a lower rent than you were paying you are responsible for the rent differential until your lease expires.

 

Basically, a lease is a contract with legally enforceable obligations on you.

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