My question involves landlord-tenant law in the State of: Pennsylvania
We are in a situation here. We rented a townhome in May of 2009 and have recently renewed our lease at a higher rent price. We paid a security deposit of the same amount of rent, which was placed into an escrow account. Now, our situation is...
We only signed our lease for a second time due to there being no real houses that fit our needs. The rent was raised (despite us telling him that if the rent was raised, we could no longer afford to live there), and while we thought we could do it, the rent exceeds 30% of our income, which was the guideline to rent the house in the first place. Now, we're not in any hurry to get out (we're getting married in three months and would prefer to wait, but are looking), but lets say we find a great place and want to leave. I know that if we just up and leave, we forfeit all security deposits and owe him rent for the entire lease up until the end (June 1, 2011). Lets say we tell him we're planning on moving because we can no longer afford the rent. We give him time to find another tenant and allow him to show the place while we're still living there. Would we be able to get our security deposit returned and get out of paying the remainder of the lease? We're not rich, so we can't afford that; I'm just wondering what our options are.
Thanks for your help in advance.