Q: I signed a lease, paid the security deposit & need to back out. Landlord verbally agreed to return deposit. Tenant resp?
Landlord verbally agreed to return deposit via phone, but now won’t take my calls and is saying no texts until he consults with his attorneys. What am I responsible for?
A:
You likely are not in a good legal position. The lease creates an obligation on the Tenant to pay the rent. The lease cannot be unilaterally terminated, but termination can be negotiated. Landlord had 30 - 60 days depending upon the language in the lease to return your security deposit from the termination of the lease, in this case termination may not occur until a new tenant takes possession.
Hopefully, your loss can be limited to the security deposit and LL does not pursue you for lost rent, releting fees, attorney fees, late fees, etc.
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