Q: I signed a lease my freshman year in college. It was for my junior year. I decided I wanted to transfer, what can I do?
I paid a $700 dollar deposit but I’m not worried about that. I just don’t want to pay the price for both semesters. It was a stupid idea in the first place but I was pressured by others to sign early or else there would be very little options.
A: You can try to negotiate an early lease termination with the landlord. But landlord does not have to agree to that. If you don't pay the rent required, landlord can file an eviction to terminate your lease rights, and sue you for any lost rent. An eviction is a permanent court record that can make it difficult to rent from a landlord who checks. Landlord can also make an adverse entry on your credit reports, lowering your credit score, making it difficult to rent from landlords who check credit, make borrowing more expensive, and even increase your car insurance premiums. Use the Find a Lawyer tab to retain a local attorney to review the lease and advise you.
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