Most rental agreements in the Commonwealth of Virginia have a section regarding the renter breaking the lease agreement. While there is also likely a section or several sections regarding when the leasing agent can evict the renter, the section on breaking the lease should be of particular interest to those who might be in a position to have to break the lease some day. Renters should understand these contract terms so they can make an informed decision. Additionally the renter should consider all costs associated with breaking the lease. This includes both financial costs as well as emotional costs.

I can’t go back to yesterday – because I was a different person then. -Lewis Carroll

Understand the Contract Terms

Renters should review their rental agreement carefully before signing the lease. Your lease is a legally binding contract which should be given proper consideration before entering into the agreement. This is important because understanding these terms will be essential if the need to break the lease becomes a reality.

Rental agreements typically do allow the renter to break the lease but not without some form of penalty. This penalty usually comes in the form of requiring the renter to give a specified amount of notice before the contract is up and also requires the renter to pay a sum of money to break the rental agreement. A notice of 30 days and a lease break amount equal to one month’s rent are common penalties associated with breaking a lease, however, individual leasing agents may impose penalties which are either harsher or less severe.

Consider the Costs of Breaking the Lease

As previously mentioned there is typically a fee associated with breaking a lease. This fee is often set equal to one month’s rent. While paying this fee may seem excessive there are some instances in which it is an economically good decision to break the contract even though there is a financial penalty imposed.

Consider the example of a homeowner who is the process or relocating due to a job change. The homeowner may opt to rent an apartment in the new state while the house is put up for sale in the previous state. If the renter enters into a 12 month contract under the supposition that it will take this long to sell the old house and purchase a new house, he may be surprised if his other house sells quickly and he finds a home in his new state rather quickly. This may all occur within a matter of 2-3 months.

The renter has the option to stay in the apartment until the rental agreement nears expiration and then start looking for a home. However, this option runs the risk that the home he previously found will not likely be available. The renters other option is to place a bid on the new house and plan on breaking the lease if he is able to close on the new house. In this case, the renter would be saddled with both a rent and a mortgage for 9-10 months. This will likely be significantly more expensive than the price the renter would pay to break the lease.

Breaking the Lease is Not Always a Financial Decision

The decision to break a lease is not always completely a financial decision. There are sometimes emotional components which factor into the equation. For example a renter may have only 1-2 months remaining on his rental agreement when he is offered a dream job which will require him to relocate immediately. Although breaking the lease that late in the agreement is usually not financially wise, the renter may make this decision to avoid missing out on a dream job.

Recent Listings

2416 Arlington Blvd

This is home is remodeled into three separate Units. Each unit has its own entrance and kitchen. Unit # 1 is on the main level and has 2 bed and 2 bath. Unit # 2 is on the second floor and has 2 bed and 2 bath. Unite # 3 has 1 bed and 1 bath and is on the second floor. The landlord is happy to rent the units separately, too. 2 bedroom unit is $1900 each whereas 1 bedroom unit is $1600. [0 - $3,999]

9509 Leathersmith Ct

Spacious and Updated in a great location! Backs to woods and private setting. This 4BR colonial is so well maintained and move in ready. Enjoy the outdoor privacy on the spacious rear deck or the covered front porch. Hardwoods throughout the main level make this home so warm and inviting. Convenient to shopping centers, public transportation, park n ride. $60 application fee. [Orange Hunt West - $3,200]

2050 Jamieson Ave #1303

Stunningly beautiful, luxury studio in a boutique condo above the Westin Hotel. Enjoy wood floors, gourmet kitchen (granite, SS appliances, dual sink, breakfast bar), large windows for lots of light, & open floorplan. FULLY FURNISHED w/murphy bed, functional furniture that adds extra storage. Gym, room service & Maid Service offered for a fee. Walk to Metro, shops, restaurants, etc Incl: 1 garage [The Jamieson - $1,850]

7055 Lanier St

Sparkling hardwood floors all of main level, Updated kitchen, granite counters, lots of light. Cul De Sac. Fenced yard w/large shed, Wood burning fireplace insert in rec room fireplace. Super convenient location, near shopping transportation, access to main highways. Doesn't get better than this. Lawn service included [Hillbrook - $2,600]

1205 Forestwood Dr

High end renovation of a spacious and light-filled split-level home just off Old Dominion. Features include renovated kitchen with professional grade stainless appliances, granite counters w/breakfast bar and table space. Living room, dining room, sunroom, and three BRs on main level. Lower level family/media room with 2BRs and bath. Other features: 2-car garage, large garden, wood floors, AC [The Oaks At McLean - $3,995]

2108 Lowell St

BASEMENT FOR RENT ONLY***ALL UTILITIES + INTERNET INCLUDED IN RENT** Everything New***Kitchen has the fridge and the microwave only*** Basement has a separate entrance** Private driveway, loads off street parking** Shows Beautifully! [Nauck - $1,500]

6612f Jupiter Hills Cir #F

Pinecrest Golf Course Community. Wood burning fireplace, Full size W&D. large balcony overlooking pond and fountain, energy efficient windows, private entrance, easy commute to all points, 2 bedrooms 2 full baths, 2 parking spaces assigned with visitor parking, pool, community center, walking trails, low utility fee energy efficient heat pump, large open flow floorplan, closet built-ins,Must see [Pinecrest the - $1,800]

3830 9th St N #705e

: Extra large contemporary 1BR condo two blocks to VA Square and Ballston Metros! Secure luxury building with lots of amenities. [Lexington Square - $1,900]

1210 Taft St #612

: Large efficiency apartment w/ modern Kitchen. LR has large windows from one side to the other. Extra storage and unlimited parking. Lots of light. Secure building [Taft Towers - $1,400]

8446 Rocky Knob Ct

READY TO MOVE IN. NICE UNIT WITH TWO BEDROOMS AND A FULL BATH. ONE ASSIGNED PARKING INCLUDED PLUS PLENTY GUEST PARKING. ALL UTILITIES INCLUDED AND INTERNET. CALL TO SEE THIS GREAT HOME. [Newington Commons - $1,350]

Rentals

Will Nesbitt

View posts by Will Nesbitt
Will is the principal broker of Nesbitt Realty and Condo Alexandria. He is licensed in anywhere in the Commonwealth of Virginia, but focuses on those communities found in and around Alexandria, Arlington, Mount Vernon and Springfield/Franconia. Will has been involved in real estate management, sales and investment for more than twenty years. He is a veteran of the U.S. Army. While in the army, he studied Russian at Monterey's Defense Language Institute. He is also a "veteran of the dotcom wars" and built most of the sites associated with NesbittRealty.com Will currently resides in Belle Haven Estates just outside Old Town, overlooking New Alexandria. He is a former president of the Mount Vernon Youth Athletic Association and founded the Alexandria Fun with Friends Group. Will is the author of BattlestorM, a tabletop fantasy game, which was published by Ral Partha Publishing in the late '90's, and Arthur's Realm, a boardgame available at the Gamecrafter.