Archive for December, 2016

How Long Does It Take for a Broken Lease to Appear on Your Credit
Mar

4

2017

How Long Does It Take for a Broken Lease to Appear on Your Credit

Broken lease may or may not appear on your credit.  It depends if your landlord reports you for unpaid rent.  If you broke a lease and didn’t pay a required penalty which was part of the leasing agreement, then it can be reported too.  When a landlord fails to collect unpaid rent from you, he or she will report debt to a collections agency. All…

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What Happens If I Break My Lease and Don’t Pay?
Feb

23

2017

What Happens If I Break My Lease and Don’t Pay?

Violating your rental agreement could ruin your credit, if you decide to break your lease without paying for it.  That’s a given. Breaking your lease could certainly ruin your credit. If you have certain number of months still left to pay on your rental agreement and you decided that you want to break your lease, your landlord could assess some penalties.  If you decide not…

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What Happens When You Get Caught With a Pet in Your Apartment?
Feb

8

2017

What Happens When You Get Caught With a Pet in Your Apartment?

If you’ve violated a ‘No Pets Allowed’ policy, what happens when landlord catches you with your pet in your apartment?  That’s a good question.  Let’s debunk it here and see if that is possible. First of, when you signed a lease, did it say that this this is a “no pets allowed” property or “pets allowed” with weight or size restrictions?  Either way, if you…

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What Does an Individual Lease Mean for Student Living?
Feb

7

2017

What Does an Individual Lease Mean for Student Living?

College students living on or off-campus often tend to sign individual leases, especially when there are multiple tenants involved.  Each tenant pays a separate rent to the leasing office.  In most cases, an individual has a private room and private bedroom.  Although, the common ares shared are:   kitchen and living room space. Advantage of Individual Leases You just pay for your share only. So,…

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Why landlords rates vary for lease vs. monthly tenants?
Jan

17

2017

Why landlords rates vary for lease vs. monthly tenants?

Renewing the leasing agreement with your landlord is always a dilemma, especially if you don’t plan to live in this unit for the entire 12 month period.  What if you already know that you need your apartment for just the next several months and then you need to vacate?  Will your landlord let you stick around for the next several months without signing a full…

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Does a Landlord Make a Decision Based on My Rental History?
Dec

22

2016

Does a Landlord Make a Decision Based on My Rental History?

When you’re trying to rent an apartment, you’re expected to submit an application, where you authorize your landlord to check your credit history and background checks.. Checking a credit history of a prospective tenant is extremely important to a landlord, because it will give your landlord a reasonable indication of what to expect from you as a future tenant. How Bad Can My Credit Really…

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Every Landlord’s Hidden Weapon: The Buy-Out Clause
Dec

8

2016

Every Landlord’s Hidden Weapon: The Buy-Out Clause

Most prospective tenants rush into signing an apartment leasing agreement without taking much time to read into it. At lease signing, landlords provide all kinds of paperwork and make it seem like it’s nothing, but semantics and oftentimes just tell you what it means, verbally.  They don’t necessarily try to hide anything from you, but they don’t try to expose their hidden weapon on purpose,…

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Breaking a Lease After a Break-up
Dec

4

2016

Breaking a Lease After a Break-up

Breaking a lease after a break-up should always be your very last resort. However, what happens when your relationship went sour and you’re both on the lease? Be Smart, Be Adults About It People move in together at the time when they decide to take the next step in their relationship. No one can anticipate when relationships may go south and you realize that you’re both on…

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