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Updated about 2 years ago on . Most recent reply

User Stats

50
Posts
43
Votes
Vivan Bhalla
  • Developer
  • Newport, NJ
43
Votes |
50
Posts

Lease advice - wanting to get out of the lease, terminate lease

Vivan Bhalla
  • Developer
  • Newport, NJ
Posted

Hi there,

I know a lot of the posts here involve around buying property but I am in a situation where I believe a lot of real estate landlords or realtors can help.

I signed a lease in Oct 2022 for a house in Venice Beach, CA. It is a 1 bd 1 ba. I did a 1 year lease. 2 months into the lease things happened in my personal life that I have to break the lease. I have been looking at replacements tor the house to take over the lease starting Dec 1 2022 but it is getting very difficult. 

1. The apartment was over priced. I was able to talk to the owner and bring down the rent from 3800$ to 3500$. I took his permission to get it rented out to someone for 3500$

2. the house is not at all at a good condition. In the first month there were roof leaks, broken knobs, electric panel problems etc. and I told the owner that 3500$ is a good price for this kind of house

3. i have very less time to get it rented- possibly just 10 days. 

I am not sure what to do here. Is there any suggestions or way I can get out of this situation without any costs to me. There must be people who have been in such situations. But I would love if someone can help me.


thanks

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