Can you get out of a lease w/a home purchase in VA?
Posted by admin | Under Home Purchase Tuesday Nov 11, 2008My husband & I moved to Virginia less than a year ago to a small apartment. We are looking to buy our first home when our lease was up but were told by some friends that if you relocate to Virginia & find a home to purchase within your first year you can get out of your rental agreement.
Is this true & if so what are the requirements other than purchasing in the first year?
Any help is appreciated.
Bostonian…
I'm aware of the penalties that typically arise from breaking a lease early.
This provision I've heard about is specific to Virginia & new residents to the state. Trouble is I can't find anything on it…Do you have any knowledge specific to VA or is your answer just in general?
Anyway thanks for your answer.
Here is a website that might help answer your questions.
http://www.vdacs.virginia.gov/consumers/f-landlord.shtml
Hope that helps a little bit.
Only if your lease grants you that right. Many landlords will negotiate this with you but most are going to require some sort of penalty for breaking the lease, typically 1 or 2 months worth of rent.
References :
Here is a website that might help answer your questions.
http://www.vdacs.virginia.gov/consumers/f-landlord.shtml
Hope that helps a little bit.
References :