A friend signed a rental lease for a year, and moved out the beggining of the second month. What is the worst case scenario that can happen to her?
2007-11-07 01:14:43 · 3 answers · asked by miriam a 1 in Business & Finance ➔ Renting & Real Estate
Possible loss of Security Deposit...and getting charged the balance of the rent, which is 10 months worth...assuming the apt remains unoccupied for those 10 months.
If it is not paid, it will either go into collections or the landlord may decide to sue.
2007-11-07 01:18:10 · answer #1 · answered by Anonymous · 1⤊ 0⤋
The worst case scenario is that the tenant will be sued for the entire term of the lease, less the security deposit, plus fees for any damage or mess she left behind.
The likely scenario is that she will be sued for the amount in rent the apartment remained empty plus any damages or mess she left behind.
Both situations result in a judgment against your friend which will show up on her credit report , hurting her score, and can prevent her from getting an apartment in the future until it is resolved. Often people can still find apartments but have to pay higher security deposits since they are a proven risk.
2007-11-07 10:31:24 · answer #2 · answered by linkus86 7 · 1⤊ 0⤋
If the landlord sues her it will mess up her credit.
2007-11-07 12:48:05 · answer #3 · answered by sm4125 3 · 0⤊ 0⤋