Q: We have been renting an apartment for nearly two years. When our lease expired last fall, we signed a new 12-month lease that runs through October. Currently, our adult daughter lives with us and is paying one-third of our total rent. She has decided that she will be moving to her own apartment in early August.
Unfortunately, I lost my job several months ago and I am still unemployed. Up to now we have been on time with all our lease payments but will not be able to afford the full rent without my daughter’s contribution. We have contacted the landlord and explained the situation. Also, my wife and I have found an apartment for seniors that we can afford, and we would like to move as soon as possible.
Our landlord has agreed to meet with us in a couple of weeks to negotiate a lease termination. The lease form is a standard industry document used by brokers, and our landlord is in real estate. We would welcome any suggestions that you might have.
A: The specifics of your dilemma are unique, but the overall challenge you face is very common. You are in a lease that you voluntarily signed with your landlord last fall and now you have had a personal change of circumstances and want to break the lease approximately three months early.