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Reply to "3K lease breaking clause in VA - how would you handle?"
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[quote=Anonymous][quote=Anonymous]Just ask the manager of the property if he is able to rent your apt would he waive your fee. We did and they did. I referred two other families who both rented there and we are all happy.[/quote] +1. My lease said that we would owe the entire remaining term of the lease if we left. I talked to the property manager just because I was curious about how it would work. Turns out the actual process is nothing like it is described in the lease. He gave me two options if I broke the lease: (1) pay 2 month penalty or (2) pay a $500 penalty + 60 days rent from the day I vacated - the amount of rent received if they re-rent the place during that 60 days. 2 is a little complicated but basically I don't owe rent for the 60 days if they re-rent it, only the $500 fee and rent for the time the property is vacant. My point being, I would not have had any idea this option existed if I didn't go talk to the property manager. This was in a Home Properties community which is a very large company which has many units.[/quote]
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