Profile picture for user8306662

Breaking lease in DTLA - buyout or pay-til-filled?

I need to break my lease on my downtown LA studio and can do a 2-month buyout or pay until it's filled. My lease is up in September. Anyone have an idea of the average vacancy time?

It's an upscale apartment building in a great downtown location. The building's website confirms what I was told that rates are actually going down a bit. (Identical unit on higher floor going for less than we paid in Sept.) The building has 5 other studios vacant right now. Safe to take the gamble on this one? I'm not moving out for a month but need to decide now. (They won't market it until I decide.) Any advice or past experience would be greatly appreciated!

  • March 28 2013 - Downtown
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

 
 

Answers (1)

Profile picture for wetdawgs
If I were in  your shoes, I'd go for the sure thing (two months).   Pay until filled gives them the option to drag their feet in the clean up and advertising.
  • March 28 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.