Jobless renter still on the hook for lease

'Cooperation and communication are essential'

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

Q: I recently signed a new lease on a beautiful rental home. However, I lost my job and am finding it very hard to pay my rent. I was wondering if there was a way to break my lease due to loss of job? A: No, not unless you have a specific "lease break" clause for loss of your job or a job transfer or other similar reason. If not, then your only hope is that your landlord is voluntarily willing to allow you to break your lease. A lease is a legally binding contract and enforceable regardless of your employment or personal situation. What if the landlord lost his job? Would it be acceptable that he raise your rent during a fixed-term, fixed-rent lease just because something changed in his life? Of course not. Just as you would expect to rely on all terms of your lease, the landlord does too. If you had any possibility that your job or personal situation might change at any time during the entire lease period, then you should have negotiated a lease-break clause or ...