Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago, 11/20/2022

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

Loading replies...