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Posted by Laurie K on February 22, 2001 at 13:59:40:

I'm relocating and have to break my lease. Currently, the rent for our Manhattan studio is 1895.00. For the next tenant, the management company has raised it to $2150.00. This is nearly a 15% increase and there is little interest in the apartment because it's not worth $2150.00- not in this economy.

I realize I am responsible for the rent until the place is rented out, but up to what point? If the new rent is so outrageous that no one will take it- do I have to keep paying? Why can't they ask $4,000 for it, since they have no incentive to be sane as I have to pay 1895.00 until the lease is up?

Thanks
Laurie

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• Re: Breaking a lease Kay 02/23/01 (0)

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Comments:
: I'm relocating and have to break my lease. Currently, the rent for our Manhattan studio is 1895.00. For the next tenant, the management company has raised it to $2150.00. This is nearly a 15% increase and there is little interest in the apartment because it's not worth $2150.00- not in this economy. 

: I realize I am responsible for the rent until the place is rented out, but up to what point? If the new rent is so outrageous that no one will take it- do I have to keep paying? Why can't they ask $4,000 for it, since they have no incentive to be sane as I have to pay 1895.00 until the lease is up? 

: Thanks
: Laurie


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