Canceling Before Move-In - Landlord Forum thread 326197

Canceling Before Move-In by TJK (California) on October 23, 2014 @09:20

Scenario: House is ready Nov 15th; I give security deposit on Oct 24th and we agree I will move-in on Nov 28th. On Nov 5th, my house falls out of escrow and I cancel on place I put deposit down on. Property Management group wants me to come in and pay a lease-breaking fee of 30% of the rent (they won't take out of deposit). Once they find new renters, I get deposit back. Does it seem right that I have to pay a lease-breaking fee if my lease did not begin until Nov 28 and I canceled on Nov 5?

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Re: Canceling Before Move-In by P-Bone (NY and OH) on October 23, 2014 @09:44	[ Reply ]

Yes, because you gave the security deposit and set a move in date, the owner likely stopped advertising it as available, that is an additional cost to them if they could have otherwise rented it in that period. Honestly, I would have made you responsible for the whole first month's rent, or until it was re-rented, whichever came sooner.

Re: Canceling Before Move-In by Bill on October 23, 2014 @09:48	[ Reply ]

Did you sign a binding contract or did you make a pinky swear?

Re: Canceling Before Move-In