Real Estate Law
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Hello and welcome! My name is ***** ***** I am a licensed attorney who will try my very best to help with your situation or get you to someone who can. There may be a slight delay in my responses as I research statutes or ordinances and type out an answer or reply,but rest assured, I am working on your question.
Did your written lease give you any option to submit a 30 day notice to terminate the lease?
If not, then you just breached the lease and moved, correct?
Did you agree to pay the $1100 buyout fee?
Ok, just to be clear here... Did the lease say "You give us a 30 day written notice and 1100 and you can buy out of the remainder of your lease"?
Ok, if you didn't sign the buyout agreement, then you simply breached the contract. What that means is that legally the landlord has to try and mitigate his damages by attempting to re-rent as soon as he can. It does not mean that you have to pay the $1100. That only applies if you have accepted their offer to release you from the lease amicably.
You broke the lease so they have to try to find a new tenant and can only charge you for any lost rent until they do so. So if it takes them a month or two to re-rent, that is all they can charge you for.
As an aside, in addition to being an attorney, I have also been a landlord for over 26 years...
how do my protect my credit?
It won't affect your credit if you pay what is owed or work out a payment plan with them as soon as they re-rent the property.
If you wanted to cap your expense, you could agree to the $1100 and then you would know exactly how much you would have to pay.
But if your rent is less than $550 a month, then it is likely that they would rent it within 2 months so it could be less.
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