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How to Get Out of Your Home LEASE Agreement with Your LANDLORD - YouTube
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I had to get on my lease because of the
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crisis I was thinking that you may have
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the same problem too so I wanted to show
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you how to get out of your home lease
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the right way the legal way
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hey creator I'm Ian Corzine your social
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media lawyer I'm on a crusade to help
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creators like you understand the law and
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I want to protect your artistic freedom
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on social media today we're talking
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about leases you know way back when
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before this crisis we entered into
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leases a lot of us thought we could pay
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the leases and have no problem but some
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of us have lost our jobs and we're
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running out of money and we don't know
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what to do we don't know how to make
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that next lease payment and so we've got
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to get out of the lease the right way
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but we want to be fair also to the
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landlord I'm like you I got in a
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situation where I couldn't afford my
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lease payments and I needed to get out
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of the lease so I took a three step
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process that I created and I was able to
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work with the landlord to get out of my
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lease and not have to make those
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payments in this video I'm going to show
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you that three-step process so maybe you
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could follow these steps and get out of
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your own lease so that you can kind of
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reconsider your financial situation
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maybe cut costs step number one is to
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read your lease if you do not have a
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copy of your lease you should email your
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landlord and ask for a copy when you get
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it you should look at the terms of the
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lease specifically you should look at a
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term called breach of contract early
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termination generally what this Clause
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says is that if you want to leave the
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lease you want to break the lease and
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you want to leave your home early then
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you're gonna owe all the rent you would
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have had to pay to the landlord even
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though you're leaving early also these
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provisions usually require that you pay
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any costs that the landlord is going to
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have to expend to release that property
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these clauses also usually contain a
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provision which says that the landlord
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can keep your security deposit to guard
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against those costs he's going to have
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when he releases the premises I had a
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similar provision in my lease you know I
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didn't want to pay these costs the
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remaining rent and the cost that the
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landlord was gonna expend
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maybe agency Commission's or advertising
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I didn't want to pay those things but I
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knew from reading my lease that I was
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legally obligated to pay these to the
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landlord so I approached the situation
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with modesty I understood that the
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landlord did not have to make a separate
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deal with me and that at once I
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understood that that set me up for a
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good negotiation the only way to get out
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of a lease that's been signed and
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delivered and dated is to be able to
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enter into a separate agreement with the
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landlord and one of your key issues when
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you're dealing with this is to figure
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out what your landlords interest is what
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value can you offer your landlord to get
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him to convince him to do a different
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agreement than the leash you already
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agreed upon so you have to be humble
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when you're considering breaking a lease
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leaving it early you know the landlord
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is already entitled to certain payments
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for you so you should be thankful that
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he or she is even willing to consider an
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alternative arrangement so step number
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two is to figure out what value you can
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offer the landlord to entice him to let
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you out of the lease early in my case I
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knew that the landlord's main concern is
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he wanted the quiet tenant who paid his
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rent on time so I went back to the lease
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I went to the provision that talked
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about assignment and subletting you
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probably have a similar provision in
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your lease it basically says that the
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tenant cannot release the premises
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without the landlord's consent however
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most of these clauses also contemplate
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that the tenant can release the premises
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so long as the landlord approves so I
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decided to take advantage of this clause
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I found a friend who needed a place to
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stay I said listen do you like my place
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he liked my place and I said how much
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rent can you afford he gave me a number
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and that number was approximately three
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hundred dollars less than the amount of
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rent that I was paying for the current
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lease I said listen
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if you could just pay that amount that
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you can afford would you like to live in
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my place for the remaining term he said
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yes and so I came up with an arrangement
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where I would pay the difference between
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the lease payment and what he could
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afford and we're gonna try to work a
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deal with the landlord so now
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I had the second piece of the puzzle to
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try to get out of this lease early
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complete and now I was ready to move on
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to step number three step number three
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is to enter into a lease amendment with
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the landlord so this is the situation I
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have the existing lease I have a new
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tenant who likes the premises who can't
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afford the total lease payment but can
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afford a lot of it and so now we have a
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situation where we want to enter into an
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agreement with the landlord that would
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allow me to pay the difference between
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the rent paid or the rent owed and the
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amount that the new tenant could afford
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and get that in writing so that I can
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get out of the lease and not have this a
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huge expense so what we decided to do
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was put together a lease amendment and a
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lease amendment is basically just a
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written change to an existing lease
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agreement once I took down the details
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of the arrangement with the new tenant
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in the lease amendment I was ready to
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approach the landlord and I did I went
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to him and I explained the hardship that
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I was facing for this particular lease
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and I also said I took it upon myself to
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find a new quiet tenant who would timely
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pay the rental payments and the landlord
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was taken aback but he liked the
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initiative that I displayed by getting
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that new tenant all we had to do was do
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a credit report on the new tenant to
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make sure that he had the financial
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wherewithal to make the payments and
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then we were ready to go and I wasn't
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empty-handed when I approached the
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landlord I came with my own written
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lease amendment which dictated the
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details of a deal
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you know the landlord was happy about it
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because he didn't have to draft his own
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lease amendment I had it all down on
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paper ready for him he reviewed it and
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he okayed it and eventually he signed it
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so when the landlord signed the lease
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amendment I felt great
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I had just traded a huge lease expense
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for a much smaller one I had helped a
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friend move into a new place that he
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really liked for an affordable price and
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now I was free to go out and find
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another place that was much less
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expensive and this was all because of
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this lease amendment I spent a lot of
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time drafting this lease amendment so it
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could apply to a number of different
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situations you could use it if you
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wanted to get out of a home lease or out
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of an apartment lease or also a
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commercial building lease if
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you would like to use the lease
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amendment that I drafted to get out of
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your own lease you can go to ian's
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Corzine com go to the template Store and
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download it there now that we're on the
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subject of downsizing and saving money
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you may have some events in the future
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that you want to cancel because frankly
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you want to get the money you want to
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get an online refund and get as much
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money back as possible because money is
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tight these days if you have a need to
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cancel an event that you're planning on
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going to a vacation or a concert like
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Coachella something like that and you
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want to do it the proper way the legal
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way then you should watch my video right
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here and as always as you watch I'm
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going to be at Ian's Corzine calm to
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answer all your social media law
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questions
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