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Asked in Cambridge, MA Mar. 20, 2020 ,  1 answers Visitors: 20
Can I back out of a lease prior to occupancy due to job loss?

1 Answers

Anonymous
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Posted on / Mar. 23, 2020 17:33:42

Unfortunately, no change in your own financial situation has any impact on your requirement to pay rent or gives you a right to break the lease. Once a lease is signed there is no legal "cooling off" period or period in which you can back out. If you don't occupy the lease, you will be liable for rent until the landlord can re-rent it (which in the current situation will be a LONG time since they probably can't show it very easily). Since this is six months off, you may want to hold off and see if your situation changes, or you may want to notify them of your intent not to honor the lease now. It depends. You won't trigger the landlord's obligation to try and re-rent until you notify them unambiguously of your intent not to honor the lease.

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