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My roommate wants to break a lease

[AdSense-C] When you sign a lease with a roommate, you should always be prepared that there is a chance that one of you may try to break a lease or vacate before the term ends.  There could be a number of reasons for that, such as a job relocation, moving back with parents, or something else.   Responsibility of a roommate If you and your…

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Breaking an apartment lease in Chicago | 1-800-895-2550

Breaking an apartment lease in Chicago is just as difficult as in any other city in the U.S.  Most, if not all landlords hate when their tenants break their leases.  They hate it especially when a tenant breaks it in the middle of harsh Chicago winter, when re-letting is almost impossible during this time of the year. Luckily, Chicago has one of the best tenant protection laws…

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Lease Break Fees is What You Need to Ask About

Lease break fees could potentially eat up your budget and put you into a financial hole for months to come, when you’re not inquisitive enough, when signing an apartment lease.   When you’re looking for an apartment, you’re always concerned about questions, such as the monthly rent, average monthly utilities, square feet, whether apartment has washer & dryer in unit and if it’s pet friendly.  These…

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Forfeiting security deposit due to a lease break

Forfeiting a security deposit due to a lease break is a common practice that landlord abide by whenever a tenant chooses to break their apartment lease.  Most tenants do not realize that when they sign a leasing agreement, it’s signed for a reason.  It’a binding contract between a landlord and a lessee.  Therefore, both sign it at must follow it until it expires.  If a tenant…

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Why college students cannot simply break a lease?

Hundreds of students all over the country happily cosign for their son or daughter to live in an off-campus apartment housing.  Parents always want their child to have the best and closest location to college, so that they will not be experiencing any inconvenience while they concentrate on their studies. When parents cosign 12 month leases, they presume that their child will be living at the…

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Apartment Lease Break on your Credit Report

Landlord’s worst nightmare is approving someone with an apartment lease break on their credit history.  Nowadays, landlords are very cautious about approving someone who has a poor credit history or a prior judgement.  In fact, you can have a great yearly income of $100K and have a poor credit with a score of 500 and a landlord will be able to deny you an approval….

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Will a landlord help with apartment lease break?

If you’re in a situation when you realize that you have to break your apartment lease due to your job transfer, purchase of home, or any other reason, most often than not, your landlord will NOT help you with the lease break. 95% of the time, landlords or apartment complexes are not obligated to help you with re-letting your apartment to another tenant.  They are…

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Subletting and reletting most commonly confused terms

Subletting and re-letting are actually two different type of arrangements, but are most commonly used interchangeably. Sometimes, the leasing landlords or managers don’t even use them correctly. What does re-letting a rental property mean? When you are in need to vacate your apartment before your lease expires, due to a job transfer or purchase of a new house, your landlord gives you a chance to…

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