Can I Break My Lease If I Am Moving?
Getting hired for a job that requires relocation may seem like a justifiable reason for breaking a rental lease. However, landlords differ, and some will hold you to the lease agreement regardless of the reason. Simply walking out on a lease early can result in a lawsuit and negative credit history. Work with your landlord to see if he will allow early termination.
Read Rental Agreement
Pull out your rental agreement. The landlord may include a stipulation that allows early termination in the case of job relocation. If so, you can leave your apartment early without having to go through legal proceedings. Read your agreement carefully to see if you can break your lease without consequences. The contract may not specifically mention reasons for early termination. However, speaking with your landlord and explaining the reason for early termination may convince her to let you walk away early.
Fulfill Your Obligation
Signing a lease obligates you to pay the monthly rent for the entire lease term. Uphold the agreement and pay off the lease balance early so that the landlord will release you from the agreement without penalty. This method is only doable if you have the necessary cash flow to pay off the balance. For example, if you have three months remaining on the rental lease, write one check to pay the remaining lease payments. Your landlord may accept this agreement because he's not losing money on the apartment. If the landlord finds another tenant quickly, he will actually increase his rental income.
Postpone Your Move
Explain to your new employer that you're in a lease, and ask if the company can hold your position until your landlord secures a new tenant. Depending on the employer, you may get a few weeks or a month to settle personal obligations. With this extra time, you can live in the apartment until someone signs a new lease.
Subletting the Apartment
When dealing with a not-so-understanding landlord, consider subletting your apartment in order to relocate for your new job. Subletting involves asking someone who you trust to move into the apartment until the conclusion of the lease term. Your name remains on the lease, and you are primarily responsible for the payments. The person subletting sends you her monthly rent payment, and you then pay the landlord.
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