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Originally Posted by goldfishin
i live in student housing. they give out contracts that end either in may or july. they realize that some people graduate in december (hopefully to transfer to a grad school). so, for me to have a contract that ends in may means i will owe them (suppossing i can't find someone to take over my lease) over $3000 for time i won't even be there and will have no use for. if i can find someone to take it over it will cost me something like $150 plus 80% of one months rent.
Do they collect all the money up front? Is there any provision for refunding an unused portion? You'll want to look into that.
Walking away from the contract is just a breach of contract. It's a civil matter, only. Generally speaking, a landlord is required to mitigate damages by re-leasing a property in a commercially reasonable time period. That may differ a bit since it's student housing, but if you are leaving at the end of a regular semester, it can't possibly be unheard of for someone to start at the beginning of the spring semester and need housing from January or so onward.
I think you should talk to someone at the university housing office (assuming there is such a thing) or whoever is your landlord under your contract. I suspect this issue has been dealt with before and it's nothing new to them.
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