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    clevy's Avatar
    clevy Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Oct 30, 2008, 11:49 AM
    Early termination of lease penalty
    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's Avatar
    this8384 Posts: 4,564, Reputation: 485
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    #2

    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's Avatar
    rockinmommy Posts: 1,123, Reputation: 82
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    #3

    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.
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