ok we live in are apartment for a year and a half and our lease is up soon.so we decided that we need a bigger apartment so we go to the office and told them we want to stay but we need a3 bedroom instead caues of are kids are growing and we need more space.the lady said they have one but she has to check are credit well we werent approved but she said we can stay where we are at.but thats why im confused if are credit is bad why would she let us stay at the apartment we are at?
2007-03-20 13:25:11 · 4 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
they do their rent ratios based on formulas, so you might qualify for the unit you are in and not financially qualify for the unit you'd like. Also, if you move, they will have to turn over your current unit (painting/cleaning) and just maybe your current rent on that unit is more than what the units are renting for now. The market conditions have changed since the tanking of the housing market, so they might have had to lower their prices to new renters. They wouldn't advertise that to you if you are paying more than new tenants, but you can see why they'd want to keep you where you are now.
2007-03-20 13:35:29 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I don't know your exact situation, but I would say that the apartment complex is owned by a holding company or an investment firm. They probably require ALL apartments to be approved through a credit check. Even though you are already there paying rent, they may require a credit check (and may charge a fee) for you to get the bigger place.
Look around. You may find another place nearby. Life has a way of working these things out for you. What you may see as a bad situation just may turn out to be the greatest thing to ever happen to you.
It has happened to me. We rented a house that we loved. Our landlord was a wonderful older man. He sadly passed away. We still miss him. His family decided to auction the house. We wanted to buy it, but they thought they would make more from the auction.
We made arrangements to move and then the auction did not bring what they wanted. THEN they wanted to sell to us. We had already given our word to the new landlord so we did not try to buy the house. Moving to the new place was a wonderful experience!! We have never looked back.
Good luck.
2007-03-20 20:35:49 · answer #2 · answered by damndirtyape212 5 · 0⤊ 0⤋
Maybe you need to speak with the building owner. Good tenants are worth their weight in Gold....or the head of the management company.
2007-03-20 20:29:30 · answer #3 · answered by smiling_freds_biz_info 6 · 0⤊ 0⤋
Maybe your credit is OK for the smaller and less expensive apartment.
or
Maybe they don't really want to rent a 3br to you.
2007-03-20 20:31:17 · answer #4 · answered by Jo Blo 6 · 1⤊ 0⤋