Review of Economics and Statistics Broke My Lease

Question: Its a management class we have to write one page about anything happen to you. Answer: When I broke my lease with the apartment I rent The apartment I rented was in the town of Toledo in United States. I rented this apartment last year during the month of July. The apartment was close to my university. So I opted for this apartment and I took my apartment for lease of two years. But in the month of January of this year, I broke my lease with the apartment before completing two years term (Chen et al. 2014). I had already paid my landlord the rent for one year. I had agreed to pay the rent every year. But when I decided to leave my apartment, I had asked my landlord for the refund. He did not agree to refund me my money. So I decided to convince him with the help of local leaders. He refused to listen to them as well. He said that this is against the terms and policy of his agreement (Ambrose et al. 2015). I was disheartened to lose the money. I had to shift to another apartment which was nearer to my university and was cheaper than the previous one. I had thought of teaching my landlord a lesson so that he does not make such agreements in future. The day I planned to teach him a lesson, he called me in the morning to return the remaining money keeping one months rent. He apologized to me for not returning me the remaining money, initially. He said the law of the States do not permit to keep the rent of one year. He had to deduct a months rent and will have to return the rest. Thus, I got back my money and moved happily to my new apartment. References Ambrose, B.W., Coulson, N.E. and Yoshida, J., 2015. The repeat rent index. Review of Economics and Statistics, 97(5), pp.939-950. Chen, J., Wang, J. and Bell, P.C., 2014. Lease expiration management for a single lease term in the apartment industry. European Journal of Operational Research, 238(1), pp.233-244.