Posted by: tama_aalu October 6, 2012
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I am new in the town and have a year contract with Apartment owner( I was dumb, don;t have to do a year contracct). its running on 3rd month now. Unfortunately, I lost the Job and have to terminate the contract to go and share an apartment with other friends (still looking other friends also). I followed the contract documents and found lot of things to be completed if I break the contract.
1. It is mentioned that fine of 85% of rental fee of the month.
2. I need to pay the fee until the apartment is taken by another person.
3. They will update to my credit history.
May be few/many of sajha users are/were running through similar conditions. Can anyone share with me how can I break the lease with minimum loss? I am just wanted to know the "WORST CASE" seanario if I break the contract. What they will do? how its going to affect my credit history? Is the apartment credit is stronger than the bank credit??
Regards
From: Houston
1. It is mentioned that fine of 85% of rental fee of the month.
2. I need to pay the fee until the apartment is taken by another person.
3. They will update to my credit history.
May be few/many of sajha users are/were running through similar conditions. Can anyone share with me how can I break the lease with minimum loss? I am just wanted to know the "WORST CASE" seanario if I break the contract. What they will do? how its going to affect my credit history? Is the apartment credit is stronger than the bank credit??
Regards
From: Houston