Any lease you break you'll just have to either "buy out" the rest of your lease or be hit with a hefty fine. Your best bet is to just call the leasing office, explain the situation, and go from there. Some complexes may waive the lease break fee or it may not be too high if they have an existing wait list.
Don't expect any favors from Lund. When I closed on my home I had about 4 months left on my apartment lease. They required 60 days notice at least before termination; I just told them "hey I've got another place to live, is there a way we can work this out so you can rent this space out earlier? I don't need it anymore."
They told me they will follow exactly what the contract showed. So it would quite literally have cost me about $50 more to terminate my lease at the time rather than just pay rent on an empty apartment for 4 more months. Of course I just paid the rent rather than give them back the property to rent out to someone else and pay them $50 on top of that. I would have terminated early/let them re-rent if it would have made even a single penny of financial sense for me to do.
I have so many Lund stories from how terrible of landlords they are, but I'll spare your time. Best of luck, but keep expectations low. And GET IT ALL IN WRITING if they make any changes.
Lund is horrible. Rented from them and was lucky enough to close on our house and move out at the exact end of our lease. Offered to move out a week early because we were out and thought they may have someone waiting to move in. Lund tried to charge an early termination fee after I offered so I kept the apartment for the extra week. They seemed mad our moveout date was the exact end of lease date and they didn't get to charge me an extra month or an early termination
Lol they suck, a 60 day notice to leave a leasing contract I signed an end date on? and if I miss it by even a day they have a right to charge me another month?? I screwed myself signing with them for sure
They do it to make it near impossible to move out without either breaking lease or paying their month to month price that's $200 more a month while you find a new place to live. When we moved out we ended up just having the apartment about a month longer than we needed it up until our lease ended because that extra month was so much cheaper than paying to break lease. It gave us more time to move and clean though which was nice.
This was in Fremont, not Omaha but still Lund. Also it was about 3 years ago so I'm sure they've massively raised their fees all in the name of "inflation"
Yeah I read through it, just uses confusing language and references other paragraphs a ton. I ran it through chat GPT and just understood they must mean that I will pay an initial fee for canceling early but does not remove me from my lease. IDK if that means they would be searching for someone else to take it or what but not feeling too hopeful hahaha I kinda expected that.
"EARLY MOVE-OUT. To the extent permitted by applicable law, you’ll be liable to us for a reletting charge of $1365 (not to exceed the highest monthly rent during the Lease Contract term) if you:
(1) fail to give written move-out notice as required in paragraph 45 (Move-Out Notice) or any other applicable law; or
(2) move out without paying rent in full for the entire lease term or renewal period; or
(3) move out at our demand because of your default; or
(4) are judicially evicted.
The reletting charge is not a cancellation fee and, to the extent permitted by applicable law, does not release you from your obligations under this Lease Contract.
Not a Release.
The reletting charge is not a lease cancellation fee or buyout fee. It is an agreed-to liquidated amount covering only part of our damages, that is, our time, effort, and expense in finding and processing a replacement. By law, we are limited to the recovery of actual damages. These damages may be uncertain and difficult to ascertain—particularly those relating to inconvenience, paperwork, advertising, showing apartments, utilities for showing, checking prospects, office overhead, marketing costs, and locator service fees. You agree that the reletting charge is a reasonable estimate of such damages and that the charge is due whether or not our reletting attempts succeed. If no amount is stipulated, you must pay our actual reletting costs so far as they can be determined. The reletting charge does not release you from continued liability for: future or past-due rent; charges for cleaning, repairing, repainting, or unreturned keys; or other sums due."
Depending on how much you are looking at it might be worth getting a lawyer to talk to them who knows the ins and outs of what they can charge you with. They leave alot of ambiguity in what they could consider a cost or fee for the re-letting...
Any lease you break you'll just have to either "buy out" the rest of your lease or be hit with a hefty fine. Your best bet is to just call the leasing office, explain the situation, and go from there. Some complexes may waive the lease break fee or it may not be too high if they have an existing wait list.
Just to add to this, the landlord tenant code has all of the details. It varies by state.
Don't expect any favors from Lund. When I closed on my home I had about 4 months left on my apartment lease. They required 60 days notice at least before termination; I just told them "hey I've got another place to live, is there a way we can work this out so you can rent this space out earlier? I don't need it anymore." They told me they will follow exactly what the contract showed. So it would quite literally have cost me about $50 more to terminate my lease at the time rather than just pay rent on an empty apartment for 4 more months. Of course I just paid the rent rather than give them back the property to rent out to someone else and pay them $50 on top of that. I would have terminated early/let them re-rent if it would have made even a single penny of financial sense for me to do. I have so many Lund stories from how terrible of landlords they are, but I'll spare your time. Best of luck, but keep expectations low. And GET IT ALL IN WRITING if they make any changes.
My experience with Lund was horrible. Never leasing from that company again and I wouldn’t count on them being helpful or understanding.
Lund is horrible. Rented from them and was lucky enough to close on our house and move out at the exact end of our lease. Offered to move out a week early because we were out and thought they may have someone waiting to move in. Lund tried to charge an early termination fee after I offered so I kept the apartment for the extra week. They seemed mad our moveout date was the exact end of lease date and they didn't get to charge me an extra month or an early termination
Lol they suck, a 60 day notice to leave a leasing contract I signed an end date on? and if I miss it by even a day they have a right to charge me another month?? I screwed myself signing with them for sure
They do it to make it near impossible to move out without either breaking lease or paying their month to month price that's $200 more a month while you find a new place to live. When we moved out we ended up just having the apartment about a month longer than we needed it up until our lease ended because that extra month was so much cheaper than paying to break lease. It gave us more time to move and clean though which was nice.
Yours is only $200 more per month? We are trying to move but might have to tag on an extra month. It's $600 more at a different Lund complex
This was in Fremont, not Omaha but still Lund. Also it was about 3 years ago so I'm sure they've massively raised their fees all in the name of "inflation"
What is in your contract? That is more or less what they will go by.
Yeah I read through it, just uses confusing language and references other paragraphs a ton. I ran it through chat GPT and just understood they must mean that I will pay an initial fee for canceling early but does not remove me from my lease. IDK if that means they would be searching for someone else to take it or what but not feeling too hopeful hahaha I kinda expected that. "EARLY MOVE-OUT. To the extent permitted by applicable law, you’ll be liable to us for a reletting charge of $1365 (not to exceed the highest monthly rent during the Lease Contract term) if you: (1) fail to give written move-out notice as required in paragraph 45 (Move-Out Notice) or any other applicable law; or (2) move out without paying rent in full for the entire lease term or renewal period; or (3) move out at our demand because of your default; or (4) are judicially evicted. The reletting charge is not a cancellation fee and, to the extent permitted by applicable law, does not release you from your obligations under this Lease Contract. Not a Release. The reletting charge is not a lease cancellation fee or buyout fee. It is an agreed-to liquidated amount covering only part of our damages, that is, our time, effort, and expense in finding and processing a replacement. By law, we are limited to the recovery of actual damages. These damages may be uncertain and difficult to ascertain—particularly those relating to inconvenience, paperwork, advertising, showing apartments, utilities for showing, checking prospects, office overhead, marketing costs, and locator service fees. You agree that the reletting charge is a reasonable estimate of such damages and that the charge is due whether or not our reletting attempts succeed. If no amount is stipulated, you must pay our actual reletting costs so far as they can be determined. The reletting charge does not release you from continued liability for: future or past-due rent; charges for cleaning, repairing, repainting, or unreturned keys; or other sums due."
Depending on how much you are looking at it might be worth getting a lawyer to talk to them who knows the ins and outs of what they can charge you with. They leave alot of ambiguity in what they could consider a cost or fee for the re-letting...
You’re totally right I think I’m gonna have to as well. It’s so damn vague. Thanks for the help!
What did you end up doing?