My lease isn't up til July but I want to buy a home. Am I just going to have to pay on both places?

There's no way to possibly time my move-in date to my new home with the expiration of my rental lease. Do I just have to suck it up and pay both places overlapping? There is no provision in my lease for breaking it. How do people do this when they're trying to buy a home, they just forfeit the money? This is in Florida by the way.My lease isn't up til July but I want to buy a home. Am I just going to have to pay on both places?
You cant wait to buy in July? The chances of home prices going even further down are great, especially in areas of Florida (I am in Florida too). You cant always time it down to the exact day but just work with your landlord. When you put a contract on a property tell them you cant close till whatever date and actually try to aim to get financing finalized before then. So many times closing dates are actually pushed back due to financing issues. If you work with your landlord they might give you a few extra days or weeks needed to move out.



If you cant wait till July to buy then try and find another renter for your landlord and ask them. I have had both my last tenants break lease early due to same issues. The first one helped me find a new tenant before they left or stopped paying me. My lease isn't up til July but I want to buy a home. Am I just going to have to pay on both places?
You could ask your landlord to let you out of your lease early.

Usually if you offer to find a renter that is able to take over the rental immediately and is of course ';acceptable'; your landlord should be willing to let you leave early.



Check with your housing authority and see what the laws are on rental leases for your state. There might be legal provisions that allow you to leave early if you can satisfy the requirements to make the landlord ';whole';.
Try to find a renter for the remainder of the lease .



Good Luck



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You are going to have to communicate with he landlord and see if they are willing to work with you.



Florida is a state in which the landlord can hold you liable for the entire lease term and is NOT required to mitigate his damages by finding a replacement tenant.



Try to negotiate a settlement with the landlord.



Option 1:

Offer to pay to advertise the rental. Offer to have the rental in show worthy condition and allow showings as often as needed in order to get a replacement tenant. Offer to stay until the replacement tenant can move in. This way, the landlord suffers no loss of rent, you are not paying for a place in which you do not live and all you are out is the advertising costs.



Option 2:

Negotiate a lease buyout with the landlord. Start by offering the amount equal to 2 months rent. The landlord may require more. If you come to an agreement, get it in writing. This way your liabilities end with the lump sum payment.



Option 3:

Move out without any agreement. The landlord can hold you liable for the rent until the lease expires. The landlord can hold you liable for any costs he incurs due to your breach, such as advertising costs, agent fees, etc.



If you do not pay the amounts above, the landlord can sue you. The judgment will include not only the costs mentioned, but court costs and accrued interest until the judgment is paid.



The judgment can be renewed for up to 20 years and the landlord can garnish wages or bank accounts, or place a lien on your new house.