Legal Question in Real Estate Law in Massachusetts
Breaking a lease
I have a lease that extends until May 31, 2001. I have told the landlord that I will be breaking the lease and moving on October 31, 2000. The landlord agreed and told me I have to pay a "lease break" fee equal to one months rent. I then received a letter from the landlord stating that the apartment is already rerented for November 15,2000. If the apartment is already rerented for mid November am I correct in only paying the landlord 1/2 of the "lease break fee"?
1 Answer from Attorneys
Re: Measure of damages for lease breach
If the apartment is already rerented for mid November am I correct in only paying the landlord 1/2 of the "lease break fee"?
The simple answer to that is "yes." It's a bit of an oversimplification. It depends upon certain clauses in the lease somewhat, and it definitely depends on three major factual factors: a) whether the landlord had to pay some realtor a b) fee or a newspaper to advertise to get the new tenant in, c) if the tenant's rent is at the same or a higher rate. But you're on the right track: the landlord's "damages" are reduced, and, since arguably the new lease extends even further out, there could be a potential offsetting benefit to the landlord, and another if the new rent is higher.
If you want to know, go meet the new tenant and get some questions answered!
I'm sorry if this reply comes too late.