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you might have a tempting reason to break your lease a better apartment opens up down the block or you want to move to another neighborhood but is it a good idea to give in to that temptation [Music] that depends on whether youre willing to pay the consequences a lease is a legally binding contract and that contract spells out specific penalties for walking away early start by reading back over your lease you know the document you signed a million years ago and stuffed in a drawer it will spell out exactly what happens if you break the terms consequences include things like forfeiting your deposit having to continue to pay rent until a new tenant moves in or even paying rent until the lease is up whether youre living there or not if you refuse to pay any costs laid out in your lease like early termination fees or additional months rent your landlord could report the missed payments to the credit bureaus or even send your debt to a collections agency either outcome could do major dam
