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Updated over 9 years ago on . Most recent reply

User Stats

30
Posts
1
Votes
Joe D.
  • Springfield, PA
1
Votes |
30
Posts

I'M the one breaking a lease agreement and need help

Joe D.
  • Springfield, PA
Posted

So I found myself in a different situation recently and am not sure how to handle it. Long story short I put up my primary residence and my rental condo up for sale and I was going to buy a new primary home. They both sold very quickly and I was unable to find the right new house to buy so I ended up renting. 

Fast forward 9 months, and I unexpectedly (wasnt actively searching) found the right new home, placed an offer and it was accepted. I told the property manager of the home i was renting and she thought the owner may want to sell the house I am renting. 

We kept the house in immaculate condition and furnished nicely so it staged well and they just accepted an offer with a proposed settlement for end of August. It sounds like once inspections are completed and the deal looks solid they'll terminate my lease. 

My question is this, shouldn't I be entitled to my security deposit? We've been extremely cooperative and on good terms with everyone. Although we did break the lease 3 months early... But they sold the home. 

I haven't asked about my security deposit yet and already paid for my last month which is July. 

Well that was longer than planned! Appreciate any thoughts.  

Most Popular Reply

User Stats

64
Posts
17
Votes
Frank Woodin
  • Investor
  • Crystal Lake, IL
17
Votes |
64
Posts
Frank Woodin
  • Investor
  • Crystal Lake, IL
Replied

Technically no, your lease probably states (as most do) that you forfeit your security deposit if you terminate the lease early.  On the other hand you did help them out and if I were you landlord I would give it back to you since you didn't do any damage to the house and I didn't incur any loss of income because the property was vacant.  It will truly be up to what you landlord thinks and how they will handle it.  I would call them and talk about it for sure so you can verify which way it was heading and say your piece.

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