lease terms

One attractive aspect of renting vs. owning a home is the lack of a long-term commitment. While it may seem that renters can pick up and go at the drop of the hat, there are still usually agreements in place. You may not be able to sneak away from a lease in the middle of the night without consequences, but there are steps you can take to minimize the penalty of leaving your rental agreement early. You’ll also want to be aware of any potential impact on your credit. 1. Know Your Rights & Your Lease Before you get started on the process, it’s a good idea to look over your lease and see what exactly you have legal responsibility for if you leave the rental