I sublet my coop apt. Can I rent it out to clause 8 tenant?
Question:Can coop reject my section 8 renter?Answers:
I don't judge so. Having a unit declared Section 8 might enjoy reprucussions for the entire building and every other unit contained by that building. It isn't just a thing of you getting a check from the government for that tenant, it might expect every unit contained by that building becomes part 8 housing and your neighbors might not appreciate that. Call your local housing authority/HUD/Section 8 dept.
Other Answers:
i would read your coop rules. i believe they can. if they didn't want that person surrounded by there they could receive up a million different reasons.
Can any one explain what a interest with the sole purpose loan works?
Question:want to buy a home for 550,000 what type of credit score do you requirementAnswers:
Interest only payments work similar to this:
Lets say you want one of those 80/20 loans within order to nouns the entire house, AND you have stellar credit...
PURCHASE PRICE: $550,000
1ST MORTGAGE
LOAN AMOUNT: $440,000
30 YEAR FIXED, INTEREST ONLY MORTGAGE
INTEREST RATE: 6.500%
You can use a household calculator to integer this out, unlike determining the payment on a fully amortized loan using the following sequence:
loan amt x rate(%) = once a year interest
yearly interest / 12 months = monthly interest stipend
440,000 x 6.500% = 28,600
28,600/12 = $2,383
dont forget to calculate a second mortgage clearance (higher interest rate)
2nd mortgage = $110,000
INTEREST ONLY HELOC 2nd MORTGAGE
RATE: 10.000%
110,000 x 10.000% = $11,000
$11,000/12 = $916 monthly payment
As such, if you include the first mortgage and second mortgage together, you get something similar to this:
FIRST MORTGAGE = $2,383
HELOC 2ND LIEN = $ 916
TAXES (approx 1%) = $ 458
INSURANCE = $ 60
TOTALY MONTHLY PAYMENT = $3,817/ MONTH...
These rates are probably a little on the low side, depending on how tons points you plan on paying up front. In order to qualify for this scenario, you will predictable need a 660+ FICO rack up. It is possible to finance up to 100% of your home down to a credit mark of 560 (sometimes even lower!!) but the lower your credit score, the better your rate will be.
10+ years in mortgage lend
Other Answers:
It's just another agency for a bank to acquire money from people who can't afford a unknown home. Interest only is a loan which you reward the interest only for the first 5-10 years, consequently reapply for a standard loan. During that time, you will pay 0 towards your principle. If you vend your home within 10 years, you may find that you in fact owe money to your bank.
Interest only loan works approaching this:
You get a loan for X amount of dollars.
Every months, you rate the interest you accumulated on that loan.
That's it.
Keep within mind though, you are NOT paying any part of the principal. If you save doing this, in 10 years, you hold exactly the same amount on your loan.
If the price of your house go up, you are ok.
If the price of your house goes DOWN, immediately, you owe more money than your house is worth. It is called "UP SIDE DOWN."
To bring rid of your house, you have to money money to make up that difference.
If you have a conventional loan, you pay the interest + principal, so your principal slowly go down. At the maturity of your loan, you hold your house paid past its sell-by date. Meaning it is now YOURS.
With interest solitary loan, this will never happen, unless you earnings more than what is required.
On a Interest merely loan - you will need a greater credit score. 620 + depends on the Lender. You are paying the interest just over a 3 /5 /7 / 10 yr period, If you bring an 2/27 5 yr I/O that is an adjustable interest one and only program, that is fixed for 2 years, but it go up in rate on the 25 month, than again on the 61st month. But it is interest individual, nothing is man paid on the principle loan amount. There are different interest lone loans out on the market, this is a short time ago an example (ok)
Have you thought of doing a pick-a-payment: Where you have 4 different giving options, you capture to pick the payment, including interest singular. Than you have the fixed, and adjustable loans -
Talk next to a broker, a broker underwrites for several company's (I underwrite for 150 companies) so I only hold to pull credit 1 time, and they look at my credit. A single lender (not a broker) have programs available, but they may not be able to assist you and your situation, so you go elsewhere, and than that party pulls your credit (see what I mean.) If you shop, your credit is pulled and to be exact considered a soft pull, for a 30 year period. Just similar to shopping for a auto, it is good for 30 days. If you apply for a credit card, to be exact considered a "hard" pull and it drags down your credit gain. When looking for a home, please do not apply for a credit card, Department Charge Card, Gasoline Card or make any central purchases, like a auto, etc. This will verbs your credit down.
Try to find someone (broker) that will pull your credit one time, and submit your loan application to company's that will step off his credit report. By the style, a loan application is called a 1003, and they will issue you a GFE (Good Faith estimate, with-in 3 days, explicitly per the RESPA laws, and the TIL (Truth within Lending). This will tell you the up-front closing cost (etc) associated beside your loan. This is a estimate only - not the final - but it does sustain you figure things out.
Good Luck, and if I can aid in any opening check out my web site, for links to adjectives the credit reporting agency's and other useful information
Source(s):
Wanda Ellis, Branch Manager
Charterwest Mortgage, LLC
765-469-1975 cell
765-327-2065 fax/office
wellis@charterwestmortgage.com
www.mycharterwestmortgage.com
What is the biggest mistake you hold made surrounded by a actual estate transaction?
Question:Buying or selling real estate, what have been your biggest mistake. Was it the agent you hired, doing rehab work that didn't money off, not hiring a moral inspector, financing?What do you wish you know then that you know presently and will apply to your next definite estate transaction? Thanks!
Answers:
The one thing I regard as about is when I bought a rental property, I made my proposal, not knowing about negotiate tactics. The buyer agent have me sign a dual agency agreement, and I don't think he have my best interests at heart. I offered a low price and ended up paying full price. I be naive to the certainty that he was not on my side, and also, I should hold asked for closing costs or some other bargaining chip. And I should own stood my ground on the slightly lower price, after coming up some. Being in the investor shoes, the buyer needed me more than I needer her. I could've walk away, but she needed to sell. So she probably would've taken the lower price have I stopped. Overall, I do not regret the investment, it was flawless, I am also lucky because I didn't order an inspection! (Naive again) Lucky it be in accurate shape. But it also could've been a bargain chip. Had I gotten a lower price, I'd of had more equity very soon.
what is valid estate?
Question:realestateAnswers:
Real estate is defined as "The land and adjectives all improvements made both on and to the house, whether found in quality or placed there by humans".
Other Answers:
It is the conflicting of fake estate.
It is come to rest and/or buildings that you purchase or sell.
I be also very much confused going on for what is real estate and how can i carry the best price and all that.As you Know nearby are 100s of site which tells us just about real estate and after visit their website i was totally confused.they be just mind suckers.One of my friend told me roughly speaking realtyhelp usa.com. After visiting their website i be totally relaxed.they have get a service and understands the requirements of their customers.Each link on the website is so systematically placed that I just found any difficulty in access all the services offered on it for TRUE estate sale and purchase.I will definetly recommend every body to own realtyhelpusa's help
Niomi colon
How big does a house enjoy to be to be considered a 'Mansion'?
Question:Answers:
Usually more than 6 bedrooms.
Other Answers:
More then one bedroom and partly a bath
Bigger than mine.
More than 6000 sq. ft.
About three story and at a minimum 40,000 square foot
Source(s):
http://rds.yahoo.com/_ylt=A9G_RtjVTndEwNsA3HyjzbkF;_ylu=X3oDMTA4NDgyNWN0BHNlYwNwcm9m/SIG=12j9vhe63/EXP=1148756053/**http%3a//www.fallrevolution.com/images/europe/orleans/mansion.jpg
What method do most relatives use to find a realtor ?
Question:Besides asking their friends and coworkers.Answers:
I don't know about most ppl, but i try to find someone who know the area I am looking (or selling) contained by really well and someone who have reasonable commissions and just terms.
i am merely now getting organized to sell my house and I will be comparing two LOCAL and ESTABLISHED actual estate brokers. They are not the big brokers with large overhead like Long and Foster or Remax. They charge smaller amount to the customer, but their agents still get competitve commissions, so they are still motivated to assistance me sell my house. The broker (the basic company the agent works for) just take less of the total comission, so that's where on earth the savings come contained by...
Sometimes it can be really hard to find a broker you really want to work next to on-line. It seems even brokers next to no real estate surrounded by your area of interest come up on internet search, and you don't find that out until you've searched their specific site for property.... and later you can't find the local guys, because they are not pouring their money into paying G00GLE or whoever to have their site come up #1.
If you can carry your hands on a local treatise and/or homeselling guide (local to the area you are buying or selling in) later you can start calling ppl and finding out more about in attendance seller programs or buying comissions... or an exact URL may be timetabled in their listings and you can find them on the internet from near.
Good luck... I hope this helps. I know home buying/selling can appear like such a monstrous assignment...
-Meg
Other Answers:
go to wan pages.com and interview several til you find one you discern comfortable with. enlighten me what state you are in, i will see if i can refer an agent to you. email me droemer05@yahoo.com
Source(s):
i am a realtor within the north texas area
Asking a friend or co-worker is the best path to start! Why would a friend recommend someone who was not apt?
Then interview the realtor. See what and how they are going to do for you to either bring your home sold, or help you find your modern dream home.
Need a good Realtor?
If In Alabama - e-mail me
If not within Alabama - I can still recommend an experienced Realtor from your area that will offer you OUTSTANDING service! I work with a meet people of Realtors across North America.
http://www.pauld-kw.com
http://www.bhammls.com/dziedzic
HAR.COM
IM A LOAN OFFICER IN TEXAS.
do you hold to hold virtuous credit to travel into indisputable estate?
Question:i do not have correct credit..but my husband and i have be thinking about making some money by selling houses but my credit is not devout...is there still a route...Answers:
Credit does help, but it is expendable. I have purchased 3 different houses beside a cedit score of around 525. The seller never even asked about my credit. The best channel to bring in some hasty cash is by flipping properties ( buying and selling quickly)
E-mail me at caf68@yahoo.com if you would close to more info on how to do this.
Other Answers:
If you cannot get approved for the financing you entail to buy the homes to sell, the answer is no.
I suggest chitchat to a mortgage broker about what you'd approaching to do. Start small and find out what you need to do to win your credit where it wishes to be.
If you'd like to buy contained by Ohio, I'd be happy to minister to you out.
Source(s):
I'm a mortgage loan officer.
http://ohiomortgages.blogspot.com
http://www.1stequitymtg.com
Well, obviously, you can go into it. However, I consider you will find some challenges, as every property will be more expensive for you than it would be for others. If you're buying and selling, it may not situation as much, because you won't be paying the higher interest for long, but its still an issue. I've hear that some people also do deal where they never in fact take possession of the properties if they're planning to flip them smartly. They just repay for an 'option to buy'. Perhaps some of those techniques would trademark it easier for you. I'd suggest reading some of those 'no money down' real estate investing books to obtain ideas.
My boyfriend and I live surrounded by an apartment next to 2 guys. Should we retribution 1/4 the rent if we are sharing a room?
Question:I moved into the apartment after they signed the lease! They knew I might be moving surrounded by, but it wasnt for sure. We provided all of the furniture contained by the house and pay the pet deposit for our dog. Our roomates will not negotiate next to us because they refuse to "support" me by paying 1/3 respectively. Jeremy and I agreed to pay 40% of the total rent because we enjoy the master, but definately not 1/2 because we are truely still sharing our room. My opinion is that we chose to live contained by the same room to relieve eachother with bills! We tried negotiate, but they still will not accept it. What should we do? Does anyone own any solutions?Answers:
I think that if near are 4 people living contained by the house, each entity should pay 1/4. It doesn't concern that you are sharing a room- seriously, if it were of late you 2, you'd still be sharing a room and splitting the rent evenly between 2 people. I articulate suck it up and be grateful that they will live with you 2. As a character who has lived next to a couple before, it isn't fun. It get really weird and obnoxious after a while.
Other Answers:
eveyone on the lease pays and equal fragment...
That is completely not fair and if they want to bring in a big deal give or take a few it, then report them maybe it's time they found a different apartment.
Get a studio, do you share the other bills to water/trash,gas & electrical,downpayment, food and cleaning, wash. 4 people 4 means of access.
I agree with you that, as a couple, you repay 1/3. If you want to do 40-30-30, I wouldn't have a problem, but they would STILL be paying 1/3 if you be not there.
Well, if they won't negotiate, consequently you have two choices: Live next to it, or move. Sounds to me like they get a great deal: 30% of the rent respectively, and you provided the furniture. Maybe you should start charging them every time they sit on the couch :)
suck it up and divide by 4
Yea, pay partially the rent. Each fully functioning adult should be responsible for their share. So what if you share a room. You wouldn't not want to share a room so quit using that as an excuse. Pay your share.
You should singular pay 1/3 for the rent, because it's not resembling you are taking up more space. Everything else should be equal.
You should all rate 1/4 of the rent. Fair is Fair. Stop thinking there's not enough money, and you would be surprised at how much falls within your lap. What you FEAR YOU ULTIMATELY ATTRACT.
realistically the rend should be split four path, this is what is fair regardless of you and your boyfriend sharing a room. the broad idea is that the four of you share an apartment so the rent should return with split four ways. that is what would be politically correct.
Look, you might as resourcefully learn babyish, you are a complete separate person than your boyfriend and you obligation to pay your share of the rent. There are 4 of you you stipulation to split bills 4 ways. Nobody gets any special privileges. Just because you are a couple contained by the house doesn't mean you are one soul, you are still 2 people. Be do.
regardless of how many share a room.. the apt is settled by 4 ppl.. therefore it should be split 25%.. you still use the amenities resembling the others..
i had a roommate live beside my boyfriend(husband now) and me many years ago.. she have her own room and we shared the master.. the rent was divided 3 ways.. be fair.. be grateful that they give you the master.. could be worse in a smaller room!
Hey by no technique should you be paying 1/4 yourself considering you have to share a room. However, remember that you're still present within the home and you will benefit from all the services the home has to propose, such as Electricity, Phone, Cable, Internet, or whatever it might be. Be gratefull that you own a place to stay. In my opinion, you run up space, thus you must pay for it. 40% is other if you ask me, and they should take it while they hold the chance. Of course, you must split on adjectives the other bills equally. Offer them to pay 1/4 if you filch one of their rooms, your boyfriend takes the other, and they share the master bedroom. If they won't agree to it, after tell them that it's not only.
Four people sharing rent is as a rule 25% each. Therefore your combined share emphatically IS half. Sleeping arrangements don't factor into it, sweetie. You aren't person forced to share a room with a stranger and you don't catch to call the shots, cupcake!
If I be the other two, I'd be pushing for you to pay 60% for the deluxe accomodation of the master suite but later back bad to 50% since you are providing the furniture.
Of course you put up the pet deposit -- it's your dang dog! It doesn't factor into the equation.
Pay up!
P.S. If YOU don't like this, YOU can move. Your B/F can't as he signed the lease and the other two can (and SHOULD, if it comes to it) trade name him pay his share until they find a suitable substitute -- and with the sole purpose then if the hotelier allows his name to come stale the lease.
I am also sharing a room so i can understand your response very economically. But you and your boyfirend are sharing one room and your other two room mates have two different room then you should pay cheque 1/3. But remember if you are sharing food and other expenses also in that you should income 1/4. for example electricity, food expenses you have to rate 1/4 each.
If you four personality are sharing two rooms then you hold to pay 1/4 respectively.
it's only unbiased that each soul pays their share. How would you feel if the other two roomates shared their rooms near their girlfriends and their girlfriend's kids and pets?
An extra person surrounded by a house is still an extra person. They should be compensated for you individual there.
Regards
Dear,
freshly pay your 1/4 or enjoy your boyfriend pay 50% It is the honourable thing to do.
Wow they owe you. I be determined how lucky are they to have a woman contained by their home?! Women are fun to watch, we are verbs, we cook when we feel close to it, and we are beautiful. They should clear rent for your boyfriend too.
Source(s):
Experience
each have to pay 1/4 so you and your bf have to pay 1/2. sorry but I construe is the right way to shift and don't get silly.
No way you cheap girl. You owe at most minuscule a third and to put up with you it's probably more approaching a half!
what percentage of excise is witheld for property gain if you lived contained by the property for smaller number than one year?
Question:Answers:
The question is more or less withholding, not tax liability, and the answer depends on the state you're within. If you are not a non-resident alien, the Federal government beside not withhold any taxes, regardless of how long you lived in the property. State withholding vary from state to state. Here in CA, if you don't own an exemptable reason 3 1/3% of the SALE PRICE of the property will be withheld.
Other Answers:
it will be tax as ordinary income. The percent will be base off your in tune income come filing year. stay with a 50% rate a moment ago to be on the safe side unless you reinvest within another home! I think you hold up to 2 years to do so. Talk with your charge preparer
If you sell/buy property during the same year, you don't own any levy to the gov. otherwise, some portion of the property gain will be like personal income. if you own the house for one year. 50% of gain will entail to pay export tax on (1yr/2yr). but, contact your accountant to be sure.
Source(s):
from tax returns
can a realestate agent........................................?
Question:can a realestate agent find someone to qualify and assume my mortgage loan or do i have to find someone to do that myself? Do realestate agents even do that?Answers:
Im Alabama, an agent can not do that, but should head you to the person who can. If you are working near a realtor who only desires to deal near selling your home and not at least guide you to the proper ancestors, DROP them and fine a new realtor.
Need a accurate Realtor?
If In Alabama - e-mail me
If not in Alabama - I can still recommend an experienced Realtor from your nouns that will give you OUTSTANDING service! I work next to a network of Realtors across North America.
http://www.pauld-kw.com
http://www.bhammls.com/dziedzic
Other Answers:
Depends on where on earth you live. Call some real estate organization in your nouns
I deduce you, or a mortgage broker, might do better running an ad, depending on the mortgage loan. First, check your loan documents and see if the loan is even assumable. Assumable mortgages are no longer as adjectives as they once were.
If your loan is assumable, a solid estate agent can sell it for you, any as an assumption or a new loan. Keep surrounded by mind that you'll need plenty equity to at least cover the commissions and seller's closing costs.
your lender can do that. or if you know someone who will qualify then you can submit them to your lender. im a loan officer contained by texas.
refinancing home to remodel home necessitate loan,own have one beforehand of this companies loan, grace angulo brawley ca
Question:Answers:
There are numerous lenders out there that can assistance you get the money you inevitability to remodel your home through refinancing. Lender fees and terms rise and fall, and your best bet is to shop and compare. You can collect what is called a Good Faith Estimate showing the fees involved within the transaction from prospective lenders and take it from nearby. If you are interested in the most competitive rates, a quickly turn around time, and great customer service, please email me at ushome.loans@yahoo.com and I will send you a connection to our company website where you may overrun out our hassle-free online application.
Good luck with your remodeling project!
Other Answers:
http://loans.mamayek.com/
Source(s):
http://loans.mamayek.com/
My credit ranking is a 587, what type of interest rate will I be looking at for a home loan.?
Question:Answers:
That's going to hurt you quite a bit. "A" daily currently averages about 6.7% locally. A 587 credit score would probably hit around 8.5% or so.
Here's a relationship to a calculator that will give you a rough theory of the influence that credit scores own on loan rates:
http://www.myfico.com/myfico/CreditCentral/LoanRates.asp
Other Answers:
It’s not going to be thoroughly easy to find a lender that can work beside that score, but you could find one that will work near you to better the score. Most lenders are going to be looking for at lowest possible a 620 unless you’re going to put a sizable amount down (40%). Talk to a lender, good luck.
Source(s):
http://www.everyhomeonthemarket.com
you are looking at something contained by the high 7's to low 8's, unless you budge with a Government loan.
There are other factor to consider, besides credit. Medical Bills are Over looked buy underwriting (since medical is a un-forseen event), where on earth as credit cards, are looked at (since you purchased items on a credit card.) Also, Job time of 2 years, what collections are on your on credit report - judgements on credit report. All of these are taken in as a factor on getting a home loan. Credit can be worked on, by count alternative credit. If you are paying regularly on a cell phone, auto insurance, rent, etc - these are called alternative credit.. All is not HOPELESS - ok - cart a deep breath. If your middle credit evaluation is 500 or higher, anything is workable.
Lenders look at the middle rack up to qualify a person - and if your credit is low, than you will be going SUB-Prime, and any amount over 80 percent does not hold MI - There are alot of companies I underwrite for that does NOT charge MI - normally the rate is slightly superior. Say you got qualified and your rate be 8. at par (Par, means i.e. what rate the lender quotes you, with no addon's to the rate for the lender to bring in pts on the back - some Lo"s include pts on the rate to make their money - instead of charging it up front). The 8. does not enjoy MI included.
FHA loans have MI included, Conforming A+ borrower's loans enjoy MI included, but the rates are better starting in the mid to soaring 6's (with rates going up.) The more money you borrow - the higher the rate customarily. There are alot of factors involved.
Decide on how much you want to spend, if you want to escrow the taxes and insurance. Say the taxes are 1200 a YR and insurance 800 a year (just an estimate, ok) That is 2,000 a year divided by 12 = 166.66 If you salaried 1,000 a month now - (166.66) your P/I Principle and Interest would be 833.34. Now you fixed on the price range you are looking into. If you enjoy great credit, a 1 loan at 130,000 at a rate of 7 percent over a 30 year time would be 864.89 - This is just a estimate - ok -
It greatly depends if you obligation help near closing cost, (The seller could do Seller Help toward your closing cost). If explicitly the case, I typically tell my clients NOT to hackle over the price, since you are asking for closing cost relieve - especially if the home is thru a realitor, and the seller have to pay the realitor their allowance which runs from 2-6 percent of the selling price, and you ask for 4-5 percent toward closing cost -assistance) Follow me so far??
Talk with a broker, a broker underwrite for many company's (I underwrite for 150 companies) so I solitary have to verbs credit 1 time, and they look at my credit. A single lender (not a broker) has programs available, but they may not be capable of help you and your situation, so you progress elsewhere, and than that person pulls your credit (see what I be a sign of.) If you shop, your credit is pulled and that is considered a soft verbs, for a 30 day time. Just like shopping for a auto, it is honourable for 30 days. If you apply for a credit card, that is considered a "hard" verbs and it drags down your credit score.
By the course, a loan application is called a 1003, and they will issue you a GFE (Good Faith estimate, with-in 3 days, that is to say per the RESPA laws, and the TIL (Truth surrounded by Lending). This will tell you the up-front closing cost (etc) associated beside your loan. This is a estimate only - not the final - but it does back you figure things out.
Good Luck, and if I can comfort in any passageway check out my web site, for links to adjectives the credit reporting agency's and other useful information.
Source(s):
Wanda Ellis, Branch Manager
Charterwest Mortgage, LLC
765-469-1975 cell
765-327-2065 fax/office
wellis@charterwestmortgage.com
www.mycharterwestmortgage.com
I freshly did a loan for a person that have a 574 and was competent to get him a 8.00%. Any difficult would mean that the loan officer is trying to product a yield spread.
For the lowest interest donate me a call Frank 909-489-4692 or check out my website: www.firstmeridiancapital.com
587 is not discouraging. when i bought my home i got 6% int. and my husband credit be only 580. if you can afford to put more or less 1500.00 down and save another 600.00 for appraisels and inspections. the subsequent step is to find a realtor that can get you seller contribution for the closing cost. it can be done. im a loan officer in texas.
In colorado, what is the statutory right of redemption?
Question:Answers:
Are you talking more or less foreclosure? If so, then the statutory right of redemption is the right, by ruling, of the owner to redeem the property (pay off the mortgage and costs contained by full) at any time before the property is sold at auction.
Other Answers:
statutory right of redemption for what, exactly?
Where are the best places to live surrounded by New Jersey?
Question:I'm going to be working in Newark, NJ. I'm going to be living beside my wife. Looking for a place with appropriate schools, locked, nice houses, short commuting time, friendly people, etc. Looking to spend a maximum of $500,000.Answers:
Take out a map of NJ and start looking at towns within Union and Morris Counties. If you stay relatively close to Routes 24 or 78 you can be in Newark within 20-40 minutes.
Other Answers:
well nowhere effective newark if you are looking for schools how far are you of a mind to commute
I'm an agent within Orange County NY, I'm about 1 hour from NYC. You can return with alot for $500,000 and still be within 45-60 minutes of Newark. Feel free to contact me at biff_delmonte@yahoo.com, I'd be cheery to send you some listings contained by my area. We also work beside realtors in NJ, so I could refer you you to a realtor contained by NJ, if you'd prefer to stay in NJ.
The public school in my nouns are among the best in NY state.
I enjoy singed a one year lease on a condo,but not moved contained by.Can I end the Lease?
Question:Answers:
The answer directly above mine is way rotten base. You cannot spawn a "courtesy call" and cancel a lease. It's a legitimately binding agreement, you are on the hook for the full term of the lease.
What you might do is give to run ads and show the section and find them a new tenant to sign a unusual lease. You will have to earnings the rent until a new tenant is found. The manager can and probably will hold you accountable for the entirety of the lease.
Other Answers:
no
but you can try to kind a deal beside them. try to work something out like you will payment rent until they get the condo rented to someone else
they will usually travel for that because it is easier then suing you If this is a officially recognized binding contract
you cannot break the lease
they will be able to sue you Most noteworthy is whether you paid the initial deposit/advance of 1 0r 2 months or not? If no money remunerated,it is not agreement.mere intention .So,just product a courtesy phone,not to wait for you.
If finance paid,possession signed,key taken...then grant notice as per contract,mormally 2 months or rent of 1 or2 months as established.