- Read Your Lease – It seems simple, but it is super important. Most leases have an opt-out clause that lays out exactly what you will be responsible for. It will tell you what is required, step by step, for ending the lease early.
- Talk to Your Property Manager – Let your property manager know as soon as possible. Obviously, the better your relationship, the smoother the transaction will go. It always pays off to be nice! Giving them as much notice as possible allows them the proper planning for filling your vacancy.
- Find a New Tenant – In some states, both you and your property manager are required to try to find a new tenant if you break your lease. This is set up so that you can’t be sued for back rent in the event that the apartment is left empty. If a new tenant isn’t found, you may be required to pay for the days the unit stays empty. So, basically, find a new tenant ASAP!
- Know the Renters Rights in Your City – Are you responsible for finding a new tenant? What legal responsibilities fall on you before terminating the lease?
- Consider a Subletter – If the remainder of the lease is a short period of time, this may be your best bet. Remember, you will be taking on a little more personal risk, and it’s important that you ask your property manager first.
- Be Flexible, Proactive, and Willing to Take Responsibility – It is important to remember that you did sign this lease and will be responsible for fulfilling it. However, when working with your property manager, be sure to be as flexible as possible since they are doing you the favor. Keep your apartment clean at all times so that they can show it to new renters.
