Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Leaving Leased Property Five Months Early

Options
  • 25-10-2009 6:44pm
    #1
    FGR
    Registered Users Posts: 2,455 ✭✭✭


    Hi all. Hope you can help.

    We're planning on moving from a leased apartment into a house and was wondering -

    As we're only 7 months into a 12 month lease will we be obligated to pay the remaining months on the lease or will the loss of the deposit be enough to cover re-listing/advertising fees?

    Hope you can help. It's being a nuisance trying to sort things out as it is..!


Comments

  • Options
    #2
    Hammer of Thor
    Registered Users Posts: 104 ✭✭Hammer of Thor


    I'm sure there are much more qualified posters who will be along to give you an answer soon, but from my own experience it very much depends on the landlord! Back in the good old days I don't think many lanlords would have had a problem letting you terminate your lease as long as the rent was upto date and you were willing to forfeit the deposit (if the property was in good cond.). These days tho, with so many people having to drop rent prices to entice prospective tenants, and so many rental properties being empty I think many landlords would expect their tenants to honour their lease!

    Bring him for a few pints maybe, he might not have an issue! Good luck with it!


  • Options
    #3
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,285 Mod ✭✭✭✭The_Conductor


    Your lease is a legally binding document where you agreed to rent the property for a set period of time (a year). You are vacating the property early. You have the option of subletting with the permission of the landlord (and if you can't find tenants willing to lease the property at the price agreed on your lease- you would be expected to make up the difference).

    It used be the case that landlords didn't give a toss if tenants broke their lease- they would confiscate the deposit and have someone new in there a week later- but those days are long gone. Nowadays- 35% of residential property and almost 42% of commercial property is vacant. Its not the case that you can reasonably expect to line up someone to replace you like a handy number- landlords are thrilled to have people sign 1 year (or even longer leases) as it is a guaranteed income flow. In general- the longer the lease you sign- the lower your monthly rent (in recognition of the security this lease offers landlords). The inverse of this is if tenants expect to walk away from their obligations as per their leases- they may very well be in for a shock.........


  • Options
    #4
    marmalade3
    Closed Accounts Posts: 36 ✭marmalade3


    You may assign your lease to new tenants, ie you are sub-letting and the terms of your lease apply to the new tenants. They pay you back your deposit and when they leave at the end of the term of the lease, the landlord pays them back the original deposit (assuming condition of the apartment is as it was originally).

    However, if you break the terms of your lease, the landlord can (and most probably will in the "current economic climate") keep your security deposit and can pursue you for the rent for the remaining months of the lease.

    Probably not what you want to hear, but that's the reality of the situation.:D


Advertisement