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  • 1 Post By shri

Break-lease

  1. #1

    Join Date
    May 2018
    Posts
    14

    Break-lease

    Hi,

    I'm thinking about moving to a new apartment but if I sign for 1 year, I may or may not stay in HK long enough to fulfill that duration.

    If for example I decide to leave after 8 months, leaving 4 months left, how would the process of breaking the contract go about?
    Would I lose the entire deposit (approx 2 months)?

    Details would be appreciated!

    Thanks


  2. #2

    Join Date
    Dec 2009
    Posts
    4,486

    Pay the 5 remaining months (12+1-8) to the landlord and they will return your 2 months deposit.


  3. #3

    Join Date
    Dec 2002
    Location
    薄扶林
    Posts
    24,553
    Would I lose the entire deposit (approx 2 months)?
    Yes.

    If you have been paying rent on time, best to have a chat with your current landlord for a min 6M contract + month to month after that? Been known to happen.
    traineeinvestor likes this.
    Have a GeoExpat related problem - please create a support ticket.

  4. #4

    Join Date
    Dec 2018
    Posts
    233
    Quote Originally Posted by shri
    Yes.

    If you have been paying rent on time, best to have a chat with your current landlord for a min 6M contract + month to month after that? Been known to happen.
    +1

    If you are not sure, better to do a deal with your current landlord. Save on moving costs and remove the risk of being stuck with a lease payments for longer than you want.