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Updated over 5 years ago,
Early Lease Termination
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