when does a lease/contract begin?

[iambutter]

What is the name of your state?New Mexico

I was planning on moving to las cruces, new mexico from Utah. I visited last month, found an apartment, gave a deposit ($700) and about ten days ago signed/faxed the lease. Since then my situation has changed and I no longer need to move.

When does a lease actually begin? I understood that in taking possesion of the property that officially began a lease. Am I mistaken? The rental company claims I am obligated by the terms despite the fact that I have not yet taken possesion. I am willing to pay some of the deposit for breaking the agreement but seven months of rent is not possible. Any recourse?

(sorry for the posts in multiple groups. Several could hold the answer and I want to reach as many potential answers as possible.)

 

[BelizeBreeze]

Duplicate post:
https://forum.freeadvice.com/showthread.php?t=296068

 

[Trucking Mad]

What is the name of your state?New Mexico

I was planning on moving to las cruces, new mexico from Utah. I visited last month, found an apartment, gave a deposit ($700) and about ten days ago signed/faxed the lease. Since then my situation has changed and I no longer need to move.

When does a lease actually begin? I understood that in taking possesion of the property that officially began a lease. Am I mistaken? The rental company claims I am obligated by the terms despite the fact that I have not yet taken possesion. I am willing to pay some of the deposit for breaking the agreement but seven months of rent is not possible. Any recourse?

(sorry for the posts in multiple groups. Several could hold the answer and I want to reach as many potential answers as possible.)

The lease begins on the actual move in date stated on the agreement. You're bound by that contract. You will lose your deposit if they decide to keep it. Depending on the terms of your lease you may be responible for rent and other fees for having the apt off the market, rerenting, advertising,maintainence, etc.. Have you contacted the apt. manager to work something out. If they aren't willing contact the management co. and if they aren't willing contact the owners (if possible). Good Luck, Remember its all about the money! That's the bottom line