When you first signed a lease for an apartment, there were a few things that happened. One, you were agreeing to stay in the apartment for the full terms of the lease, which will usually be for one year or more. You probably had all intentions of sticking around and no plans to move out when you signed the lease, but there are times when life gets in the way and then you are going to need to worry about moving out early. Two, you also gave the landlord a security deposit to help hold your spot, a good amount of money that you may have hoped to get back when you moved out of the apartment. 

However, there are some situations where you may not be able to get the security deposit back at all from the landlord, even if you took good care of the apartment while you lived there. And one of these situations is when you decide to break the lease. Of course, you should always take a close look at your lease to see what some of the terms are when it comes to breaking the lease and what consequences you will face. 

One of the main consequences of breaking a lease though is forfeiting the security deposit. If you plan to move out before the rental term is done, check the lease to see what the landlord is allowed to do so that there are no surprises when it is time to move out. You should have read it when you moved in, but if some time has passed, then you may need to refresh your memory. 

It is also possible to talk to your landlord and see whether they are open to some other alternatives that can help. This could be something like finding a good subletter who is able to take over the rest of the lease, and perhaps longer, allowing the landlord to still make a rental income off the property, even if you are no longer living there and calling it home. 

Finding an apartment that will work on a budget is an important thing to consider when you need to work on your finances. Choosing a studio apartment can help give you some of your own space, while ensuring that you will be able to afford it all. Our studio apartments in Lakewood are just what you are looking for. Plenty of space, lots of amenities, and a safe and secure location that you are going to love. Contact a member of our team today to take a tour and learn more.