I just signed a lease for a 700sq.ft place ($5000/mo) in Clearwater Bay, but I have to leave it to take over my aunt's place somewhere else.
It's a great price for a huge place - but I already signed the lease - am I stuck with the place? I'm going to tell my landlord soon - but I would like to know what the consequences are first if he refuses to let me off the lease and I don't pay.
I've paid the deposit (one month's rent), but what happens if I default and not pay? Can he pursue me in court? This guy is really lazy, and rents it out because he doesn't want any hassle when renting it out (I took over the lease from my uncle who negotiated the price and assured hassle-frees).
In the meantime I am looking for someone to take over the lease...can the landlord refuse someone else from taking it over because he has a lease with me?