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How can I negotiate a release from a residential lease?
Anonymous4 views2 answers
I am renting a house directly from the owner. I have been in the house for over a year. The initial lease was one year and we renewed for an additional year. The owners tell us that their payment is more than our rent. There was a notice from a mortgage company left on our door stating urgent need for owner to call. We are worried that owner is in financial trouble. We are now buying a house and want out of the lease. In addition to the possible owner financial issues, there are many lies ont he property disclosure. We would like to get out of the lease and don't know how best to do that.
I am sorry to hear about your situation.
You should contact an attorney to discuss your questions as additional information would be helpful. What does the lease say about you leaving early? What lies are on the property disclosure? Did you know of them when you moved in? Etc.
I wish you the best of luck.
Please remember that I do not normally monitor these questions after I have posted a reply.
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Hayley Greenberg
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Dear how can I negotiate a release from a residential lease?
Perhaps I might offer an answer.
Your attorney on your house purchase should be able to guide you in negotiating your way of the lease, or may be able to refer you to another attorney.
If you look to do this yourself, you may place yourself at a disadvantage, as your landlord may negotiate his side with an attorney.
Among the terms of any bargain to end your lease is a mutual general release, where you and the landlord each release each other from any and all claims, that you may have against the other, known and unknown. Negotiating a general release should be with the assistance of an attorney.
If you do this on your own, your first step is to inform the landlord that you want to be released from your lease (and provide the date.) That should at least start a dialogue.
Best of luck.
