Let`s run with the above scenario, you found the perfect home, but still have 2 months on your lease which costs 500 USD per week. If you do not wish to retain responsibility for your lease after the extract, you should transfer it to a new customer. Buyers assume legal responsibility for the rent due after the date of the transfer, which allows you to leave your lease in advance, without obligation, beyond the legal fees for damages or impropers. Tenants who break a tenancy agreement by extract are a common phenomenon. Often, tenants who are above their heads think that they will be able to avoid the drama, that they cannot pay rent and that they will be evicted by the move. If it turns out that the apartment rented by a tenant was not a legal rental unit, the tenant can terminate the lease without penalty. State laws will vary, but tenants are often entitled to restitution of at least part of the rent they paid during the term of their lease. You may even be entitled to additional money from the owner to help them find another apartment to rent. However, consider that some states and municipalities may have more specific rules on how bonds can be used. You may need to return the deposit even if the tenant breaks the lease, so do some research before making the last call. What should you do if a tenant breaks his lease? Continue to follow the tenant for rent or do you switch to another tenant as soon as possible? If you don`t know how to do this, you`ll end up losing more money than necessary. It`s pretty serious, but there`s a big loophole.
Most states require the landlord to actively search for a new tenant for rent if you break a rental agreement, and you are no longer responsible for the rent as soon as a new tenant arrives. Check with your local housing agency to find out what your state`s laws say about how you can opt out of a rental agreement. Violating your lease is one of the many reasons you could lose your deposit. Even if your landlord decides not to take you to court, they can take your deposit, usually in its entirety.