Is there any way out of a rental lease when you buy a home?
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rental agreement
Posted by Legal Information in January 23rd 2008
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Take a look at your lease agreement. There should be something in the agreement that states early departure, meaning breaking the lease. There typically is a penalty for breaking a leases. It all depends upon your renter and his or her agreement. The typical penalty for breaking a lease can range anywhere from keeping the down deposit to a few months of rent. Some rental agencies will charge you up to 3 months of rent for breaking your lease.
Congratulations on your new purchase!