Can you break your apartment lease with buying a house in the state of Indiana |
Answer:
If you are buying the building where you are leasing then you become the landlord and your own lease becomes a nullity.
Otherwise, in general, the terms of the lease should define the conditions under which you may terminate without penalties. As with any contract, you can always terminate by breach, as long as you are willing to pay the consequences (i.e., money) that the other party deserves. On a lighter note, you can also attempt to re-negotiate a contract by mutual consent and change the terms so that all parties are satisfied. Some states have consumer/tenant protection laws that require specific terms to the benefit of the tenant.