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Reasons to Move Out of Your Rental |
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Whether you have to leave your rental mid-lease or plan to move out of the property after the lease has ended, there are plenty of reasons why you would consider moving out. However, if possible, try to avoid terminating your lease early as it could ruin your chances of getting your security deposit back.
Reasons to move out  There are many reasons you may want to move out of your rental, all of which could end on good terms with your landlord--assuming you don't renew your lease but still stay until the end of your contract.
Some common reasons for moving out include:
- Outgrowing the rental space
- No longer wanting to live with your/a roommate
- Wanting to expand your family
- Looking to move to a safer neighbourhood
- Looking to move to a quieter community
- Wanting to move closer to your job
- Plans to stop renting and buy
- Your rental property has become unaffordable/you want to live somewhere cheaper
- You want a change of scenery or desire to move to a different city or territory
- You're tired of your building/rental/neighbours
Reasons to break your lease Occasionally--due to reasons beyond your control--you may be forced to terminate your lease, a step that should be considered your last resort if you are leaving for reasons that are not legally valid.
Consider breaking your lease when:
- The landlord is committing some questionable/illegal business practices
- In this instance, terminating your lease is legal based on the ruling of a judge, particularly if your rental is deemed uninhabitable
- You were offered a new job and have to relocate
- You lost your job and can no longer afford your rent
- You have experienced a change of life experience (considered a legal reason to terminate your lease)
- You are a member of the military and have been called to active duty
- You are a senior moving to an assisted living facility
- You have become disabled and the rental cannot accommodate your needs
- You have been injured or are gravely ill
- Your are forced into low-rent housing
- You are moving to escape some form of violence
Reasons to stick out your lease When the situation isn't quite so dire, it may be beneficial to live in your rental and choose not to renew your lease when you are given the option to do so.
Think about riding out your lease and evading a penalty to your security deposit if:
- You're not a fan of your roommate, but you don't feel staying with them puts you in danger
- You are no longer satisfied with your rental but don't want to lose money because of it
- You've received a new job and while the commute isn't ideal, it's not impossible either
- You've talked to your landlord and terminating your lease will put your entire damage deposit at risk
When to get a subletter Have to leave your rental property but don't want to break your lease because of the possible ramifications? Get a subletter to rent the property for you! A subletter rents the property directly from you on a month to month basis and you use their rent to pay your own landlord.
Just be careful. Any damage to the property will come out of your own security deposit since you're still technically on the lease. Be sure to only sublet to people you know and trust. |
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Author : Cassandra Rose
on November 11, 2014
TopMoving.ca - Moving Expert
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