Is it possible to break a lease without ruining your credit?

Question

I have a lease that is up in March of 2009, but I don't know if it is possible to break the lease without ruining my credit. I'm now in the position to buy instead of rent, which I didn't think would be possible this soon & that's why I want to break the lease. Thanks for your help!

Answer 1

yes you can talk to your land lord and they might let you out see if there is a release clause in your lease

Answer 2

As long as you continue to meet the terms of the lease, you're not BREAKING it.  Most have a provision that you have to pay for it for the full term; however, most also have a provision that says that you won't be obligated if the apartment is rented out again by the owners before the lease term is up.

Answer 3

In order to break the lease and not ruin your credit, you have to pay the monthly rent until a new tenant is found and pay for the landlord's advertising costs.

You would be liable for these anyway.

You can always play "let's make a deal" with the landlord and offer to buy out your lease. Generally, the tenant offers the landlord 2-3 months rent to terminate the lease without any further liability.