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How to get out of a lease when you are sharing it with someone? |
I've been told a few different things- If you can find someone to take over the other half of the lease agreement, and remove you, it is an option. This is not a guarantee however, as you are still responsible until the lease is over if you or your roommate are unable to find a replacement tenant. Do you have a copy of your lease agreement that you signed? You should look at that. If you do not have a copy you should ask your landlord for one. It should cover this question. You are responsible for the terms of the lease. If you leave the other roommate will be responsible to pay the full rent. If he doesnt and you havent had your name taken off the lease, then you are still responsible for your portion of the rent. If your roommate pays his half and you dont, then the landlord will evict you both and it will go on your credit reports. If subletting is allowed, I would try that. But that means you are still responsible for the rent. The subletter can pay you or the landlord. But dont forget the landlord must approve the subletter. If one person bails (with or without notice) he is still on the hook for the entire term of the lease, including all damages. Good finance question! I know of an organization that gives up to $1500 to people to help them with their rent or mortgage. It's available in most US cities, I highly suggest you check it out. |
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