What if I have to get out of my lease?
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If you need to get out of your lease one route you might take is assignment.
If your landlord agrees to it the landlord will start searching for another tenant. You will as well. If and when someone is found to take over your lease, you're out. Unfortunately, until then... the lease goes on. This process is different from subletting. When you sublet, you're still paying the rent, and the tenant is paying you. Assignment means that you're out of the lease scott free. This is potentially a win/win situation.
Keep in mind that as crazy as the market is these days, filling an apartment priced at market value shouldn't be too hard; however, note that the person has to get qualified. just like you did. For example, if the building requires that tenants make 40x the monthly rent and have a good credit score, your replacement is going to have to qualify just the same. And not that some seasons are better for finding tenants than others. Where would an agent such as myself come in the picture? Note that I have two jobs as a professional...
That means, I know how to find people who are looking for apartments, and I also know how to put apartments on the market. So you might call me and tell me you're trying to get out of your lease . At that point, I'd confirm the landlord is OK with me marketing his or her unit and we'd sign an agreement, at which point I'd get to work finding the tenant, and some great news: They pay the broker's fee! That's right... You gave me an apartment to market. I marketed it. You're out of your lease, and some one has gotten their hands on a great place to live. Everyone's happy! So, ready to move forward? Feel free to Contact me today! |
helpful resource:
Information from the Met Council on Housing |
