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Page 10 of 12 Mr. Thrifty Principle #8: Sign a long term lease but watch out for the breaking your lease trap
Sign the longest term lease you can reasonably sign, but be careful never to get into a situation where you might have to break your lease. Mr. Thrifty says, “Breaking a lease is a license for an apartment owner to rob you blind.” The best deals are available to those who can sign 6, 9, or 12 month leases. Don’t even contemplate a 12 month lease if you know you will be graduating or transferring within 9, 10, or 11 months. Most landlords will just say, “sorry, you still have to pay.”
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