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Can I Break My Lease If I Decide To Buy A Home

For many who are currently renting and may be tempted to now buy a home due to the historically low interest rates as well as the decline in home prices, one concern that may affect their decision is the fact that their current lease may not expire for another 6 months to 1 year, sometimes even longer. While the landlord may seek to enforce the lease against you for the remainder of the lease term, the landlord has the legal obligation to try to rent the apartment n a good faith manner. The sooner the landlord is notified that you plan on leaving before the lease term expires, the better. This way, he can make arrangements to find another tenant and not pursue legal action against you for breaking the lease. Be careful however to not give notice until you are sure that your financing of the home has been approved. Also, it is a good idea to have your attorney confirm that there are no title issues that will delay or possibly prevent the closing from occurring.

For additional advice on this issue, you may contact The Law Office of William J. Reinhardt, Jr. at 718-377-8880 or at [email protected]

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  • "My name is Emilio. When I was buying my property, I hired Mr William J Reinhardt Jr as my Real Estate Attorney, it was one of the best decision I ever made because he did everything in his power to make sure my purchase was successful. For example, The utilities bills left over by the person who owned the property before me. I said thank you to Bill for not allow me to pay these costly bills." - 5.0 stars | Posted by Emilio Bien Aime | October 1, 2019

  • "Mr. William Reinhardt Jr. is my lawyer for many years. My family and I bought and sold properties with his help and were very satisfied. I recommend Mr. Reinhardt to anyone. I give him a 5-star review." - 5.0 stars | Posted by Diana | September 19, 2019

  • "My husband and I loved working with William. He was very professional, efficient and went above and beyond to help us. We would HIGHLY recommend." - 5.0 stars | Posted by Leeann | September 13, 2019

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