Broke lease, 30 day notice given but can't pay yet?

Question

I only lived there for a few months, I went back to school so I broke the lease, gave them a 30 day notice, cleaned & moved out of the apartment. I owe a lease termination fee +rest of the rent, but I cannot pay right now (or on time). I do intend to pay, will this go against my credit or when I apply for an apartment next time? What will happen? Thanks

Answer 1

It could go against your credit if the landlord reports it to an agency and I wouldn't use them as a reference in the future. What I would do though is try to come up with a plan, with the landlord, of a small sum each month to pay it off. It's better then ignoring it and it sneaking up in you in a couple of years. It's also a lot better then him.her filing a suit against you and suing you.

Answer 2

Yes, your landlord has the option to report you as a non-pay debtor to the credit bureau, which will show if another property manager is to run your credit report.

You might sit down with your manager and ask them to write up a payment agreement that is acceptable to both of you. Showing them that you have the good intention, in writing, to pay your debt might keep them from reporting you. Landlords get stiffed all the time, so they tend to have bad attitudes.

Answer 3

It probably depends on who you rent from.
Did you rent from a landlord or a company.
If your landlord just has one or two other properties, it is not likely that he will put this on your credit report, he will be more likely to just go to the court house to sue you to get it.
if you rent from a large company,you can bet that you will see this on your credit report very soon.
Either way, call the landlord and let them know your situation and inform them when you will be able to pay. Pay in installments if you have to .
Do follow thru.
GOod luck in school

Answer 4

It depends on the place you deal with. Some places will put a mark on your credit. You may be able to talk to them, and work out a payment plan for the difference. If the complex is use to people skipping out on the rent, then be prepared for the mark on your credit, but then again, if you let them know of your intentions, they should reasonably work with you.

Answer 5

precisely while is your hire simply by run out? If it expired on November 30, 2009 and once you're nevertheless residing interior the premises you would be seen "retaining-over" subsequently changing to a month-to -month tenancy. via being a month-to month tenant now you're required to furnish a 30 Day observe. in case you're retaining-over for some days furnish to pay the lease for those few days which you would be interior the premises. additionally ask for an exceedingly final walk-with the aid of inspection. in case you progression out in the previous or on the day your hire expires you're no longer required to furnish observe which you're vacating the premises simply by fact the hire itself is observe to all events. that's genuine in maximum, if no longer in all states.

Answer 6

Unless you work out some payment arrangements with the apartment owner or manager, they will probably send you to a collection agency, and that will hurt your credit and you will probably find it difficult to rent another apartment. So, I suggest you try to work something out with them right away.

Answer 7

The most important thing for you to do is stay in communication with the landlord telling him your intentions and I am sure he will work something out for you and keep your credit rating good. Always remember communication is the key!

Answer 8

Yes it can go on your credit report, and you will most likely have to deal with it in small claims court.