We understand that sometimes circumstances change and breaking your lease becomes necessary. While we’re here to support you through the process, it’s important to know what to expect so that everything goes as smoothly as possible for all parties involved.
1. What Am I Financially Responsible For? #
If you choose to break your lease, you remain responsible for:
- Rent and utilities until a new resident moves in or until your original lease end date—whichever comes first.
- Leasing fee equivalent to 50% of one month’s rent, even if the landlord agrees to partial deposit refunds.
- Two-week turnover period after your confirmed move-out date to allow for repairs and preparations. You’re responsible for rent during this time.
2. How Is the Home Listed During a Lease Break? #
We can begin marketing your home on either of these conditions:
- Immediately after you vacate, or
- While you’re still residing in the home, in which case you’ll be responsible for coordinating tours.
If you choose to assist with tours while living in the home:
- You’ll need to provide an email address that we can include on rental listings.
- We recommend creating a separate email for this purpose.
Note: If market analysis suggests your home’s fair rental value is higher than your current lease amount, it will be listed at the higher rate.
3. What Happens to My Security Deposit? #
Per the lease agreement, both security and pet deposits become non-refundable in the event of a lease break. However:
- We will advocate on your behalf and ask the owner to consider refunding part of the deposit after subtracting transition-related costs.
- Every owner is different, so refunds cannot be guaranteed.
- Even with a partial refund, the leasing fee and any other applicable charges still apply.
4. What’s the Timeline for Transition? #
Once you confirm a move-out date, we’ll:
- List the home as available two weeks after that date to ensure enough time for repairs and cleaning.
- Require rent payment during this two-week transition.
Example:
If you move out on January 2, we will list the property as available starting January 16. You’re responsible for rent during that time.
5. How Do I Start the Lease Break Process? #
To initiate a lease break:
- Submit a message through your portal:
https://gpsrenting.appfolio.com/connect/contact_us - Let us know the reason for your lease break so we can communicate it with the owner.
Key Reminder
The most important part of a successful lease break is clear communication. Let us know your situation as early as possible so we can help make this process as fair and efficient as possible for everyone involved.
