lease buy out agreement

depending on your lease agreement, you may be able to buy out your lease – that is, you may be able to move out before expiration of your lease under certain conditions that most likely include a penalty or advanced notice, reveals century 21. most landlords, apartment complexes, or property management companies, will allow tenants to buy out their lease with an advanced notice and penalty. refer to your lease agreement to find out what kind of notice is required and the amount of penalty needed to buy out the remaining term of your lease. a rent-responsible clause means a tenant is responsible to pay the rent until the unit is rented out to a new lessee. read your lease terms to find out if you’re eligible to buy out a lease under a rent-responsible clause.