what happens if you are not working when you have an apartment and have bad credit, & want 2 renew ur lease?

Question

When somebody fills out an application form 4 an apartment & writes down where they r working & about how much money they make a month, does the apartment agents have a way of checking it, or do they j believe what is written. I know they can run a credit check, is that part of it? If not, how do they check it? Do they call the place that u put down and ask if u r working there?

What if u put down that u r working & u really r at the time u sign the applicaton, but then u quit ur job during the lease, but u r paying 4 it because somebody is putting money n 2 ur bank account? What if u want to sign another another 12 month term and still not working? Would they say that u would have 2 have somebody cosign or sign only in their name?

How difficult is the following 4 getting an apartment?
Not working, bad credit, going to school?
Not working, bad credit, not going to school?
Working, bad credit, going to school?
not working, good credit, going to school?

What if you are on a 12 month lease stop it? What if you write a letter 30 days before the lease ends telling the apartment people you want to go month-to-month? What if you go month-2-month for 3 months, but then decide that you want to keep it for a 12 month lease? Does the mean your lease automatically renews or do you have to sign another 12 month lease, because you didn't renew it as a 12 month lease 30 days before the current lease expires?

Answer 1

Apartment managers almost always run your credit when you first apply. Many do not run your credit when you are renewing a lease, as long as you haven't been late on any rent payments.

Answer 2

The property managing company I worked for did a credit check and called your employment and other references. So yes, they had a way to know if what you wrote on the application was true or not. We also required copies of the last two paystubs.

If the tenant was approved and moved in, there were no further checks into their employment or credit worthiness. However, if they were late on rent we'd send them a notice that they had 10 days to pay or we could seek eviction. That is clearly stated in the lease, so there were no surprises there.

When a lease came up for renewal, if the tenant didn't renew but didn't move out, they became month to month tenants. That meant that with 28 days written notice either they or we could terminate the lease. If the month to month tenant decided they wanted another fixed lease, we'd ask the owner what rate they wanted to go with and how long (6 or 12 months), then offer that to the tenant. If they accepted, they would again be on a fixed lease. If not, they remained month to month.

If you're not working (which means you have no steady source of income) and you're not going to school and you have bad credit it'd be very difficult to get an appartment. If you have good credit and are going to school and someone wants to co-sign for you, that might work out. The company I worked for would not accept out of state co-signers, though, so ask the landlord before you fill out an application.

Answer 3

Most apartments check your credit and references before you move in. That helps them decide if they want to rent to you. However, you should read the small print in your lease. Some large apartment complexes and low income housing do annual reference checks. However, large apartment complexes normally exercise this clause when they want a tenant out.

I have seen this clause exercised on a friend of mine. She lived there for 20 years, and the last 5 years worked as housekeeper. New management took over and she lost her job. After that, they decided to review her contract and decided she could not afford to live there. Her rent was paid two months in advance-plus she had a new job the paid her twice as much. She did recieve a %20 rent decrease as an employee. However, when they reviewed her new info, they determined she did not make enough to live there. She faught it in court and won-but ended up leaving anyway.

Either way the landlord will expect you to have a reliable source of income, and the ability to prove you won't rip him off $$$ or damage his property. Sometimes private landlords will be a little more lenient with students. Meaning, they might allow you to pay a year up font or use your parents as a co-signer.

Answer 4

I haven't ever heard of an apartment calling your references when you RENEW your lease. Usually they just do that when you first apply to move in.

Answer 5

They check out some of your references.I worked in a place & we called a lot of places just to check on such things as this.