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What is the correct way to terminate the lease I just signed so I can purchase a home?

What is the correct way to terminate the lease I just signed so I can purchase a home?

Full question:

I just re-signed a 12-month lease on my apartment and I found a house I want to buy, is there any way I can break my lease without penalties?

Category: Landlord Tenant
Subcategory: Lease Termination
Date: 04/07/2025
State: Nebraska

Answer:

The following is a Nebraska statute:

76-1435 Remedy for termination.

If the rental agreement is terminated, the landlord is entitled to
possession and may have a claim for rent and a separate claim for actual
damages for breach of the rental agreement and reasonable attorney's fees
as provided in subsection (3) of section 76-1431.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

How long after signing a lease can you back out?

Once you sign a lease, you typically cannot back out without facing potential penalties. However, some leases may have a grace period or specific clauses allowing for early termination. It's important to review your lease agreement for any such provisions. If you attempt to break the lease without a valid reason, your landlord may seek damages or unpaid rent as allowed under Nebraska law (Neb. Rev. Stat. § 76-1435). *Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.*

Can I cancel a lease after signing?

Generally, you cannot cancel a lease after signing without facing penalties. If you need to break the lease, you should check for any clauses that allow for early termination or negotiate with your landlord. If you cancel without a valid reason, you may be liable for rent and damages as per Nebraska law (Neb. Rev. Stat. § 76-1435). *Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.*

What is the best excuse to break a lease after?

While there are various reasons that may be considered valid for breaking a lease, such as job relocation or medical issues, it's crucial to check your lease for specific terms. If you have a legitimate reason, communicate with your landlord to negotiate an early termination. Otherwise, breaking the lease could lead to financial penalties under Nebraska law (Neb. Rev. Stat. § 76-1435). *Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.*

Can you break an apartment lease if you buy a home?

Buying a home does not automatically allow you to break your apartment lease without penalties. You must follow the terms of your lease agreement. If you wish to terminate your lease, discuss your situation with your landlord, as they may have specific policies. Breaking the lease without consent could result in financial liabilities as outlined in Nebraska law (Neb. Rev. Stat. § 76-1435). *Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.*

Can you change your mind after signing the lease?

Once you sign a lease, changing your mind is generally not permitted without consequences. If you wish to back out, you should review your lease for any clauses that might allow for cancellation. If you proceed to break the lease without a valid reason, you may be liable for damages or unpaid rent according to Nebraska law (Neb. Rev. Stat. § 76-1435). *Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.*

Can I pull out after signing a lease?

Pulling out of a lease after signing is typically not allowed unless your lease includes a specific cancellation clause. If you need to withdraw, discuss your situation with your landlord to see if an agreement can be reached. Otherwise, you may face penalties, including rent and damages, as stipulated by Nebraska law (Neb. Rev. Stat. § 76-1435). *Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.*