Quote:
|
Originally Posted by JaceXXX
yeah, $5000 is a lot for an apartment...jesus
most I ever got charged was 1 months rent + deposit
|
Was that a lease or a month to month?
Purpose of a lease is so you the renter can secure the place at a set price for a given period of time. You legally assure the rentor that you will use up that amount of time.
The rentor on the otherhand looses the ability to raise the rents when they want, have a harder time evicting you, and are taking on more resposibility legal wise.
You lease for 1 year, at 1000.00 a month. Walk out for non property reasons at month 6. You are now on the hook for 6000.00. The rentor does have the resposibility to reasonable attempt to lower their damages (keep in mind there are plenty or legal ways to show why you could not). Such as lease out the space for the same or even less money than what they were charging you. So technically someone could lease it at 500.00 a month leaving you on the hook only for 3000.00
Now a rentor can take X amount of reasonable days to make the place lease ready (typically 30 days after you leave with all belongings). Then another 30 to 60 days interviewing prospects (assuming the meet the given criteria he desires). Up to another 30 days or more for the new person to sign and move in and so on.