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    FERNANDO GONZALEZ's Avatar
    FERNANDO GONZALEZ Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 24, 2007, 05:06 AM
    Break Lease/change Of Community Ownership
    Hello!
    I would like to know if I need to brake my rental lease in the current apartment community, what are my options?
    Recently my apartment complex changed ownership. Does this fact allows me to alter or change anything in my original lease?

    In the original lease I declined the "early lease termination addendum" where it states I am only responsible for $525.00 if I do brake the lease.

    I might have to brake the lease because I am buying an apartment in the very near future and my lease ends in October of 2007.

    Thanks!

    Fernando
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
    		  
    #2

    Jan 24, 2007, 05:09 AM
    Hello Fernando:

    Changing owners ISN'T grounds for breaking your lease.

    excon
    Cvillecpm's Avatar
    Cvillecpm Posts: 553, Reputation: 28
    Senior Member
    		  
    #3

    Jan 24, 2007, 07:04 AM
    Quote Originally Posted by FERNANDO GONZALEZ
    Hello!
    I would like to know if I need to brake my rental lease in the current apartment community, what are my options?
    Recently my apartment complex changed ownership. Does this fact allows me to alter or change anything in my original lease?

    In the original lease I declined the "early lease termination addendum" where it states I am only responsible for $525.00 if I do brake the lease.

    I might have to brake the lease because I am buying an apartment in the very near future and my lease ends in October of 2007.

    Thanks!

    Fernando
    NO - change of management or ownership does not negate your lease.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #4

    Jan 24, 2007, 07:13 AM
    As noted, change of ownership doesn't allow you to BREAK your lease. You do have some options though. Does your lease permit sublets? That's one possibility. You can also talk to the landlords and offer to find a replacement tenant. Also, depending on the marketability of the units, then may be willing to let you out. But they can require that you be responsible for each month that the apt remains vacate until Oct '07.
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