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 Landlording & Rental Properties
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 over 5 years ago,

User Stats

14
Posts
3
Votes
Kyle Mendez
Pro Member
  • Real Estate Agent
  • Orange County, CA
3
Votes |
14
Posts

Early Lease Termination

Kyle Mendez
Pro Member
  • Real Estate Agent
  • Orange County, CA
Posted

Hello BP,

Details:

- Lease expires 1/16/20

- Planning to vacate by 10/31/19

- Security Deposit: $3,475

- Early Termination Fee: $4,000

- No sublease

My fiancee and I will be moving from California to Germany earlier than expected and, unfortunately, will need to break our lease by 2.5 months. We have to move early as my fiancee is acquiring her father's business earlier than discussed due to health reasons.

I reached out to the PM a week ago as I wanted to give ample notice (Approx 7 months from lease expiration).

Being that we are moving half way across the world and had planned to save for 7 more months, we are a bit tight on funds and were wondering if we forfeited our security deposit (less any deductions), could it apply toward the early termination fee?

I understand that per the contract that we signed, we are liable, but I'm trying to mitigate relocation expenses as best as I can without violating any laws, obviously.

I know there are certain situations per CA law that allows early termination without penalty, but would our situation apply?

Any advice is much appreciated!

Best,

Kyle

  • Kyle Mendez
  • Loading replies...