I leased an apartment in Loudoun, Virginia and about 6 months ago renewed the lease. Following job loss, we were no longer able to make the payments and decided to move to lower cost location. The lease specifies attaching two-months rent as a break-lease fee. Because of our situation, we were not able to attach such a sum. We spoke face-to-face with the assistant manger and explained our situation. He said it would be up to the manager but they might be able to allow one month owing to the hardship situation. We provided additional explanation but somehow (not explained) it was found not acceptable.
Since then, we have moved out. Now the complex is demanding the two-months early break of lease fee plus a penalty of two additional months because we moved without the official "notice" (i.e., written notice plus two-months fee).
On top of this, I have had to break into my IRA to afford the new location and incur the 10% penalty plus pay taxes, etc., etc..
Since then, we have moved out. Now the complex is demanding the two-months early break of lease fee plus a penalty of two additional months because we moved without the official "notice" (i.e., written notice plus two-months fee).
On top of this, I have had to break into my IRA to afford the new location and incur the 10% penalty plus pay taxes, etc., etc..