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  • February 25, 2010 at 10:49 PM #17111
    TexasLine
    Participant

    Well, not the one I have now. I’m month to month.

    Been here 5 years and have been a model renter(IMO) but my wonderful landlord(who has been a nightmare) raised the rent a few months ago citing “increased cost of maintenance”..thank you very much for passing that cost on to me to pay for your $1200 mortgage(she doesn’t know that I know that)….

    anyhow…long angry sigh….I was thinking of moving and paying rent somewhere else. I’ll likely find cheaper equivalent, as I live in an expensive part of town now. And save some money to boot.

    But I wondered about breaking the lease of the new place…because I will continue to home search.

    What if I rent a home with a 1 year lease and I find a home to buy in 6mo?

    Ramifications? Consequences?….stay where I’m at, or potentially break a lease. I’m the “heart on the sleeve” type that likes to be upfront and honest about everything(well not everything)

    February 25, 2010 at 10:59 PM #518088
    sdrealtor
    Participant

    I fyou are m onth to month I’d stay. Moving is a hassle and is not cheap.

    February 25, 2010 at 10:59 PM #518757
    sdrealtor
    Participant

    I fyou are m onth to month I’d stay. Moving is a hassle and is not cheap.

    February 25, 2010 at 10:59 PM #518663
    sdrealtor
    Participant

    I fyou are m onth to month I’d stay. Moving is a hassle and is not cheap.

    February 25, 2010 at 10:59 PM #518230
    sdrealtor
    Participant

    I fyou are m onth to month I’d stay. Moving is a hassle and is not cheap.

    February 25, 2010 at 10:59 PM #519010
    sdrealtor
    Participant

    I fyou are m onth to month I’d stay. Moving is a hassle and is not cheap.

    February 25, 2010 at 11:10 PM #518777
    TexasLine
    Participant

    [quote=sdrealtor]If you are month to month I’d stay. Moving is a hassle and is not cheap.[/quote]

    I guess what I failed to convey is that the rent increase is causing me financial stress,…so to speak. So a move is probably inevitable.

    And it would be nice to save some $ by moving towards the neighborhood/region that is my “Target” home buying area.

    But again, I wonder about breaking the lease when I find the “house”, to buy.

    February 25, 2010 at 11:10 PM #518683
    TexasLine
    Participant

    [quote=sdrealtor]If you are month to month I’d stay. Moving is a hassle and is not cheap.[/quote]

    I guess what I failed to convey is that the rent increase is causing me financial stress,…so to speak. So a move is probably inevitable.

    And it would be nice to save some $ by moving towards the neighborhood/region that is my “Target” home buying area.

    But again, I wonder about breaking the lease when I find the “house”, to buy.

    February 25, 2010 at 11:10 PM #519030
    TexasLine
    Participant

    [quote=sdrealtor]If you are month to month I’d stay. Moving is a hassle and is not cheap.[/quote]

    I guess what I failed to convey is that the rent increase is causing me financial stress,…so to speak. So a move is probably inevitable.

    And it would be nice to save some $ by moving towards the neighborhood/region that is my “Target” home buying area.

    But again, I wonder about breaking the lease when I find the “house”, to buy.

    February 25, 2010 at 11:10 PM #518250
    TexasLine
    Participant

    [quote=sdrealtor]If you are month to month I’d stay. Moving is a hassle and is not cheap.[/quote]

    I guess what I failed to convey is that the rent increase is causing me financial stress,…so to speak. So a move is probably inevitable.

    And it would be nice to save some $ by moving towards the neighborhood/region that is my “Target” home buying area.

    But again, I wonder about breaking the lease when I find the “house”, to buy.

    February 25, 2010 at 11:10 PM #518108
    TexasLine
    Participant

    [quote=sdrealtor]If you are month to month I’d stay. Moving is a hassle and is not cheap.[/quote]

    I guess what I failed to convey is that the rent increase is causing me financial stress,…so to speak. So a move is probably inevitable.

    And it would be nice to save some $ by moving towards the neighborhood/region that is my “Target” home buying area.

    But again, I wonder about breaking the lease when I find the “house”, to buy.

    February 25, 2010 at 11:40 PM #519075
    scaredyclassic
    Participant

    this isn’t legal advice and im not your lawyer, and I don’t know anything about real estate law since i haven’t studied proeprty sicne the bar exam, but what about making that a condition of the lease — something like, “In the event that the lessee enters intoa sales agreement and closes on a New Residence (define residence as whatever it is you’re looking to buy), upon providing proof to the landlord of the purchase of the New Residence, and the lessee actually moving into the New Residence, then the lessee shall have the right to terminate this lease with no penalty and the seller shall return the security deposit to the lessee.”

    then you can tell the landlord, hey, im probably not going to buy anything, but i might try,a dn i just want to have this as an option? it probably wont disturb the landlord too much — but i guess it might.

    February 25, 2010 at 11:40 PM #518295
    scaredyclassic
    Participant

    this isn’t legal advice and im not your lawyer, and I don’t know anything about real estate law since i haven’t studied proeprty sicne the bar exam, but what about making that a condition of the lease — something like, “In the event that the lessee enters intoa sales agreement and closes on a New Residence (define residence as whatever it is you’re looking to buy), upon providing proof to the landlord of the purchase of the New Residence, and the lessee actually moving into the New Residence, then the lessee shall have the right to terminate this lease with no penalty and the seller shall return the security deposit to the lessee.”

    then you can tell the landlord, hey, im probably not going to buy anything, but i might try,a dn i just want to have this as an option? it probably wont disturb the landlord too much — but i guess it might.

    February 25, 2010 at 11:40 PM #518822
    scaredyclassic
    Participant

    this isn’t legal advice and im not your lawyer, and I don’t know anything about real estate law since i haven’t studied proeprty sicne the bar exam, but what about making that a condition of the lease — something like, “In the event that the lessee enters intoa sales agreement and closes on a New Residence (define residence as whatever it is you’re looking to buy), upon providing proof to the landlord of the purchase of the New Residence, and the lessee actually moving into the New Residence, then the lessee shall have the right to terminate this lease with no penalty and the seller shall return the security deposit to the lessee.”

    then you can tell the landlord, hey, im probably not going to buy anything, but i might try,a dn i just want to have this as an option? it probably wont disturb the landlord too much — but i guess it might.

    February 25, 2010 at 11:40 PM #518154
    scaredyclassic
    Participant

    this isn’t legal advice and im not your lawyer, and I don’t know anything about real estate law since i haven’t studied proeprty sicne the bar exam, but what about making that a condition of the lease — something like, “In the event that the lessee enters intoa sales agreement and closes on a New Residence (define residence as whatever it is you’re looking to buy), upon providing proof to the landlord of the purchase of the New Residence, and the lessee actually moving into the New Residence, then the lessee shall have the right to terminate this lease with no penalty and the seller shall return the security deposit to the lessee.”

    then you can tell the landlord, hey, im probably not going to buy anything, but i might try,a dn i just want to have this as an option? it probably wont disturb the landlord too much — but i guess it might.

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