I Found the Perfect Home to Buy, But I Still Have a Lease...

Scenario: You have found the perfect new home, but are still in an apartment lease.  What do you do?
Helpful Tips:

• Ask for a copy of your lease agreement to review.  Knowing the terms of your lease will help in negotiating an early release.
• Look into a lease buyout option, most property management companies allow a resident to terminate their lease early with a buyout fee.
• Ask if you are allowed to sublet your apartment.  Many times apartments won't allow short-term leases so you may be able to find someone who just needs a three month lease or a similar term to takeover the lease for you.  You can even offer to pay a portion of the rent if the monthly rent might be higher than what the sublet is willing to pay. 
• Talk to the property manager see if they need your style of apartment to rent.  Offer to vacate early if they can re-rent it. 
• Stay in touch with the property manager.  Even if they tell you no at first most will be willing to help you out especially if you have been a good paying tenant.

Indianapolis Real Estate