I have heard that if you accept a job and you drive over 50 miles a day that you have legal right to break a lease. Is this true?
Thank you
Diana
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I have heard that if you accept a job and you drive over 50 miles a day that you have legal right to break a lease. Is this true?
Thank you
Diana
I have never heard that one.
You may have heard a twist on a clause used in areas that are heavily populated with active duty military. Both of the places we rented from had exclusionary clauses that allowed active duty service members to break the lease without penalty if they received orders more than 50 miles (it might have been 100) away. This was done as a courtesy, not under law, because the landlords wanted the military business.
No there is no truth to that at all, if you accept a job over 50 miles away, you can dedut the expense of the move off your taxes.
Traveling to work has absolutely no affect on a lease. It is your choice where to work and I've never read a lease that even mentions where you work. You can be unemployed and the lease is still binding.
The person that told you that might have be thinking of the exception the IRS uses when buying and selling a home. Basically if you sell a home within two years of buying it, you have to pay taxes on the gain. Unless you qualify for one of three exceptions. One of those three is if you get a new job (maybe its just getting transfered) more than 50 miles away from your current residence. (you can look this up on the IRS website). But like the others have said, there is probably no effect on a lease.
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