When it comes to leases, some seem to forget that it legally binds one to pay their rent, and breaking one is certainly not as easy as walking away. Mirador's Chief Operating Officer Melissa Noblit talks to Brick Underground on the misconceptions that come with breaking leases early.
“I think people feel if they come and tell you they need to break a lease, you’ll put it on the market, get a higher rent, and they can do that without any penalty," says Melissa, who has also noticed that breaks have been increasing over time.
A misconception she has seen is that "a landlord will just take their security deposit," which is not the case.
Read the full article in Brick Underground here.