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Home Personal Finance

End a lease and risk paying 4800? or pay 3600? : personalfinance

by /u/baconbobby56
September 21, 2022
in Personal Finance
Reading Time: 1 min read
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Are my cash worries unfounded : personalfinance
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I moved because I resigned from a job and am starting a new one. My old lease has 3 months remaining. I have two options:
1. I complete my lease and pay $3600 (oct/nov/dec rent $1200/month)
2. I pay $1200 to the leasing management company for a re-letting fee stated in my lease. From there it is on them to find a new tenant. If they do not find a new tenant, I keep paying rent through the end of my lease, so up to $4800 if they do not find someone to fill it or as low as $1200 if they filled immediately. The lease ends in December in a cold city/town.

I negotiated a moving bonus of $5k taxed to cover moving expenses, which would probably come out close to $3600, but I would rather pocket the money. I completed the move and spent around $600 in moving costs.

My old apartment is in a desirable location of a rather not desirable city/town, but I think it could be filled quickly? potentially?

Would like suggestions and other perspectives of the various risks associated with either path.



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Tags: Leasepaypayingpersonalfinancerisk

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