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optik404
Joined: 24 Jun 2008
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 Posted: Mon Sep 02, 2013 5:21 pm Post subject: Pay rent from deposit |
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So...I might have to leave Korea soon, but I've got an apartment contract in my name until the end of May 2014.
Can I just tell my landlord to take the rent payments out of the deposit I paid? I really don't want to prepay the next 9 months now. The deposit amount completely covers the remaining rent with plenty left over. |
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waynehead
Joined: 18 Apr 2006
Location: Jongno
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| Posted: Mon Sep 02, 2013 8:00 pm Post subject: |
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| So you're coming back? Why don't you sub-let? |
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optik404
Joined: 24 Jun 2008
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| Posted: Mon Sep 02, 2013 8:35 pm Post subject: |
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| waynehead wrote: |
| So you're coming back? Why don't you sub-let? |
If I come back it'll only be to collect the deposit. I would sublet but I'm paranoid about my stuff (electronics and whatnot) and strangers. Also, since I won't be in korea, won't be able to check up on my place. |
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amoonbot
Joined: 29 Jul 2009
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| Posted: Mon Sep 02, 2013 10:33 pm Post subject: |
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| Check the contract you made with your landlord. It might be much cheaper paying the penalty fee for canceling the overall contract than paying 8-9 months of rent. My friend canceled his contract early and his landlord charged him a real estate fee (around 300,000) and one month's rent. |
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optik404
Joined: 24 Jun 2008
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| Posted: Tue Sep 03, 2013 3:37 am Post subject: |
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| amoonbot wrote: |
| Check the contract you made with your landlord. It might be much cheaper paying the penalty fee for canceling the overall contract than paying 8-9 months of rent. My friend canceled his contract early and his landlord charged him a real estate fee (around 300,000) and one month's rent. |
Most contracts stipulate that if you cancel early, you have to find a new tenant and pay the agent fee. Until then I would be liable for the rent. At least that's how my contract is. |
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ontheway
Joined: 24 Aug 2005
Location: Somewhere under the rainbow...
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| Posted: Tue Sep 03, 2013 7:00 am Post subject: |
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| Quote: |
So...I might have to leave Korea soon, but I've got an apartment contract in my name until the end of May 2014.
Can I just tell my landlord to take the rent payments out of the deposit I paid? I really don't want to prepay the next 9 months now. The deposit amount completely covers the remaining rent with plenty left over. |
| optik404 wrote: |
| amoonbot wrote: |
| Check the contract you made with your landlord. It might be much cheaper paying the penalty fee for canceling the overall contract than paying 8-9 months of rent. My friend canceled his contract early and his landlord charged him a real estate fee (around 300,000) and one month's rent. |
Most contracts stipulate that if you cancel early, you have to find a new tenant and pay the agent fee. Until then I would be liable for the rent. At least that's how my contract is. |
Yes, you can just let your landlord take the rent out of your deposit. However, if you have 8 months left you will probably come out ahead if you list the unit and pay an agent to find a new tenant. |
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12ax7
Joined: 07 Nov 2009
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| Posted: Tue Sep 03, 2013 7:34 am Post subject: |
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| optik404 wrote: |
| amoonbot wrote: |
| Check the contract you made with your landlord. It might be much cheaper paying the penalty fee for canceling the overall contract than paying 8-9 months of rent. My friend canceled his contract early and his landlord charged him a real estate fee (around 300,000) and one month's rent. |
Most contracts stipulate that if you cancel early, you have to find a new tenant and pay the agent fee. Until then I would be liable for the rent. At least that's how my contract is. |
The fees aren't very high and the agent should find someone pretty quickly. Don't be stupid, break your lease. |
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