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Information on procedures for breaking a lease

Posted by Joel on April 02, 2000 at 12:08:53:

Hello. I recently (in January) signed a 2 year lease in a rent stabilized, multi-unit apartment building in Brooklyn. 2 years ago, i put my name on various waiting lists for government subsidized buildings in Manhattan. I recently received a letter saying that my name was coming up on one of these lists for a studio apartment, and there is a possibility that I may be offered a studio apartment in one of these subsidized units, and I don't think I can afford to pass up a rent stabilized apartment in Manhattan if I am offered one. My rent would decrease substantially. Question(s): what is the legal procedure for breaking my lease? Is there such a thing as another tenant "taking over" my lease? I know I may not have many legal options here, but I would like any information available on this topic. I read somewhere that landlords usually don't choose to take tenants to court who break their leases because it is much more costly than simply finding another tenant and re-renting, but I want to go by the book. Whay do I have to do?

Thank you!!

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