Real Estate Law Online Catalog | Shopping CartShopping Cart   
HOME | Articles | Classifieds | Success Stories | Financing | Commercial | Mobile Homes | Cash Flow | Legal | News Group | Chat Room    
CRE Online > Real Estate Law > Bill Bronchick > Question and Answer


Question:

I'm a college student who recently moved into an apartment to save money on dorm fees. Everything was working out okay, but my roommate (who already had the lease in his name) is very annoying and I am interested in moving out.

Things became more complicated when he found a cheaper apartment that is HUD subsidized. (I hate it) I had to sign the lease as co occupant.

My question is can I get out of this lease, and how? The landlord doesn't have a deposit from me but I'm concerned about any legal actions that could occur.

Answer By William Bronchick:

If you signed the lease with the landlord, you are liable unless he releases you from the lease. If your friend is solely on the lease, you are his subtenant. Your oral agreement may or may not be binding in court, but he could potentially sue for breaking the agreement with him.

Disclaimer: The foregoing is not intended to be given as legal, financial or tax advice, but intended for instructional use only. If you require legal, financial or tax advice you should seek the assistance of a qualified professional.


MORE INFORMATION

More on asset protection...
More on real estate investing...