The Do's and Don'ts of a Lease Takeover for an Apartment

Oct 23, 2019

The Do's and Don'ts of a Lease Takeover for an Apartment

You didn't expect it when you signed a yearlong lease several months ago, but it turns out that you need to move out of your apartment before those 12 months are up. One option is to find someone to take over your lease. A lease takeover, also known as a lease assignment, occurs when a new tenant takes over the remaining term of a departing tenant's lease, with the approval of the landlord.

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