don't want to stay in apartment anymore and want to move what would happen if i just leave and don't pay rent and break the lease in Richmond VA.
2006-07-31 13:08:50 · 6 answers · asked by gsmith_2.bfree 1 in Business & Finance ➔ Renting & Real Estate
To say you would lose your deposit is redundant since they often find a way to keep it anyway. Still, the landlord will likely sue you for the balance of the lease and since you wouldn't be around to defend yourself, you would lose. The judgment would likely pop up on your credit report the rest of your days and since the smarter landlords and property management companies check renters credit, you might have to live with your parents the rest of your life. And when it is time to buy that house you have always wanted 7 years down the road, the bank will pull your credit and require you to pay off the judgment that has accrued interest at 12% a year making the 5 months left on your lease at $600 a month be something in the vicinity of a $6600 debt.
If you want to bolt, talk to your landlord and see if you can work something out. This time of year may be a benefit to you for the sake of college kids needing a place such that it wouldn't be as much trouble to re-rent it to someone else.
2006-07-31 13:38:01 · answer #1 · answered by linkus86 7 · 0⤊ 1⤋
If you don't give the landlord notice he definitely will keep your deposit even if you clean, which you absolutely must do. I don't know about your state, but in NM if you break a lease without notice and don't pay your rent, the apartment complex can and will put it on all three credit bureaus. I would not take that chance. Give the landlord one month's notice, clean the apartment. If you have a copy of your lease, you need to read it. They give you all of that information in the lease. Whatever you do don't just pack up and move.
2006-07-31 22:40:53 · answer #2 · answered by LAG58 1 · 0⤊ 0⤋
They'll keep your deposit.
They can sue you for the remaining balance of the lease.
You won't get a reference from them when you try to lease another apartment.
2006-07-31 20:13:18 · answer #3 · answered by beekiss 4 · 0⤊ 0⤋
Kiss your deposite bye bye and hope you don't ever need to rent again. You will not get much of a referal, and the new renter WILL ask. You DID live someplace didn't you? It's hard to say no.
2006-07-31 20:14:05 · answer #4 · answered by ranger beethoven 3 · 0⤊ 0⤋
I agree with "beekiss's" answer. Is it really worth it to lose your "integrety?" No landlord or lender would ever trust you again. Your own friends will have a hard time with trusting you also.
2006-07-31 20:34:00 · answer #5 · answered by Anonymous · 0⤊ 0⤋
You are taking a chance of being sued if they can find you.
2006-07-31 20:32:45 · answer #6 · answered by eugene65ca 6 · 0⤊ 0⤋