PDA

View Full Version : Early termination of lease penalty


clevy
Oct 30, 2008, 11:49 AM
I have to re-up my lease no later than tomorrow. The early termination penalty for breaking the lease is 2 months.' rent less deposit. I read that there is an "opt out" of early termination penalties. Can someone please help me out today? I'm running out of time. Thanks

this8384
Oct 30, 2008, 01:54 PM
I'm not entirely sure what you mean by "re-up." Are you a landlord or a tenant? Why are you breaking the lease?

rockinmommy
Oct 30, 2008, 01:55 PM
Hhmmm. What state are you in?

Where did you read about this "opt out"? I mean are you thinking it's a law?

There's a "sticky" at the top of this forum with a link to each state's landlord / tenant laws.

Just from the states I've done business in I've never heard of any "opt out". You're agreeing to a contract. And you're agreeing to what you'll do if you break that contract. If you could just "opt out" of that penalty then there'd really be no weight to the contract.