If you break a lease
A lease is a binding legal contract, and there are very few circumstances in which you can break a lease without penalty.
Buying a home, being transferred by your employer, moving to another city, or getting a divorce does not allow you to simply walk away from a lease with no consequences. Note that there are some exceptions for military personnel and victims of domestic violence.
Unless you and the property owner agreed to some special provision when the lease was signed, you will still be responsible for any charges noted in your lease if you move out early.
Charges may include:
- a “reletting fee” (to cover the property’s cost of getting the apartment leased again)
- the remainder of the rent through the end of your lease term, less any rent received from a subsequent resident.