What is a broken lease and how does it affect you? A Broken Lease occurs when a renter doesn’t fulfill a lease agreement. Most commonly this happens when a renter moves out ahead of time. Broken lease goes by many other names such as property debt, early move out, lease break, property collections, and remaining balance. A broken lease can have a strenuous effect on your ability to rent or lease an apartment again in the future. Many people experience this and have limited options on how to move forward. Second Chance Apartments helps individuals facing this horrible situation.
Things to do before you break a lease
A broken lease can be avoided in many different ways. It is always best practice to contact your apartment prior to you breaking your lease to see if an agreement can be set up beforehand. Apartments will allow you to get on a payment plan prior to you moving out. Your apartment lease will also outline the process of moving out before your lease ends. Another thing to consider before breaking a lease is, have you located a new living arrangement. We understand that people break leases for many different reasons, including loss of job, sickness, family situations or safety. This is why it is best practice to contact your apartment complex prior to you moving out because they may be able to accommodate you or make other living arrangements for you. A lot of apartment complexes have multiple locations throughout the Dallas-Fort Worth area and can potentially transfer your lease to a safer or more affordable unit. You can also negotiate a settlement or payment agreement before moving out.
The effect breaking a lease has on your credit and your ability to lease again
Apartment complexes will normally charge you the remainder of your lease or charge until someone rents your apartment again. You will be charged move out fees, cleaning fees and a host of other fees outlines in your lease agreement. Apartments will give you an opportunity to pay this debt normally within 30 days of moving out. Apartments in the Dallas-Fort Worth area will allow you to make a payment arrangement. If you make routine payments monthly this will prevent the debt from going onto your credit in most cases. If you do not make any attempt to settle the debt or set up payment arrangements the apartment complex will refer you to a collection agency. The collection agency will report this debt to your credit bureau. When the collection agency puts this on to your credit report it will be very hard to lease another apartment. This collection can stay on your credit report for up to 10 years in most cases. The broken lease will also be reported to your rental history which is a private report that many landlords and apartment complexes maintain. Apartment complexes do not like to lease to individuals who have broken prior leases. Apartment complexes prefer any previous debts to be paid in full or at a minimum have a payment arrangement set up. It is common for an apartment to charge additional fees and deposits when dealing with an individual who has broken prior lease agreements. Second Chance Apartments keeps a database of apartments who are more likely to work with individuals with blemishes on their credit as well as broken leases.
Second Chance Apartments recommends that you try to settle all prior debt before renting. We have written articles outline how to go about settling a debt. Debt settlement is when you and the collection company agree on a settlement amount. Most debts can be settled for $0.40 to $0.70 cents on the dollar. However, this settlement is typically due in full payment so you cannot make payment arrangements on a debt settlement. If you settle your debt it becomes much easier to rent or lease a new apartment or home. After you settle a debt and you have paid the collection company you will get a receipt that states you have paid in full. With that receipt stating you have paid in full you can normally go ahead and lease an apartment with no problems. We recommend after you have paid it in full that you get with a credit repair agency to get the items removed from your credit report permanently.
How Second Chance Apartments Help
Second Chance Apartments has been in business for 6 years and in that time frame, we have helped thousands of people locate housing throughout the Dallas-Fort Worth area. Our services are 100% free, we get compensated from the apartments we refer to you. We give all of our client’s pre-screened list of apartments that are broken lease friendly. We have resources and tips available that we give to every client. The greatest part of all is that after you utilize our services and lease an apartment we will give you a rebate on the commission's that we receive.
To receive a free list of apartments that are broken lease friendly please click here.
Having bad credit often means you’re required to pay a deposit to sign up for electricity service. But Choose Energy’s marketplace includes cheap no-deposit plans for those whose credit score has room for improvement.
Choose Energy partners with trusted and reliable energy providers in deregulated areas. Many of these providers offer no-deposit plans. For example, Payless Power provides a zero-deposit electricity plan option for customers with a poor credit score or in need of a Second Chance Apartments.
Looking for the best energy deals? Some providers may offer electricity promotions, but the plan itself may not be the best fit for you. If you’re searching for the cheapest option, we suggest considering a no-deposit plan.
The bottom line: Choose Energy always has no-deposit electricity plans available.
Interested in learning more? Visit choose energy
The holiday season is the time of the year for you to catch up and bond with your family. Because school is out, children won’t have to sleep early, giving them more time to create happy memories with the rest of the family. And while the holiday season can be fun, it can bring a lot of stress, especially if you’re hosting the parties. The amount of preparation you put into as a host can make or break the success of these holiday properties.
Whenever you’re moving, you can always scout through long-distance movers and choose a moving company New York City. Since you can’t hire professionals to prepare your home for the holidays, you’re expected to do everything on your own.
To help you out, here are some easy ways to prepare your home for the holidays:
1. Declutter, declutter, declutter
You’ll be having your family over for the holidays, which means that you need a lot of space to accommodate them. Not having enough room to move around or mingle with other family members isn’t the best way to kick off your holiday parties.
The moment you know that you’re hosting this year’s festivities, take the time to declutter your entire home. Go through every nook and cranny of your home and properly dispose of items that are either damaged or unused.
Any damaged item, regardless of how expensive, should be thrown away. For items that are still in good condition but aren’t used by the household, consider donating them to local charities or organizations. You can also sell them through a garage sale to earn some money.
It’ll be easier for everyone to move around if your home is spacious, and useless items aren’t taking up valuable floor space.
2. Deep clean your home
As the host of the holiday party, your home shouldn’t only be concerned about serving the best food and drinks; you should also prioritize your home’s cleanliness. A poorly-maintained home can earn negative feedback from your family and can even become the reason why they’ll suffer from allergies. This is especially true if your family is susceptible to asthma.
You should utilize the holiday season as the opportunity for you to clean every area of your house. You can start by cleaning your home’s interior and then move outside.
When cleaning inside your home, make sure that you invest in the right cleaning tools for the right surfaces. Using the same cloth in cleaning all of the areas of your home will only cause bacteria to spread. Avoid using feather dusters as these will only cause dirt to fall to the ground.
Cleaning outdoor spaces should also include maintaining your landscape and checking outdoor amenities. Your home won’t be inviting if the outdoor lights aren’t functioning or if your lawn is full of weeds.
3. Get your kitchen ready
Your kitchen will be used a lot during the holiday season. Aside from cooking a wide variety of meals, your kitchen will also be used as a space to socialize. Preparing meals for the holiday season will be less stressful when you’re doing it with your peers, right?
Make sure that your kitchen is ready for the holiday season. Check all appliances weeks before the holidays and call for repairs whenever needed. Stock some of your favorite cooking books if you’re planning to try out some new recipes, as well.
If your kitchen has a bar or a lounging area, check the condition of the furniture. The seats should be cushioned to support hours of sitting, and your tables should be sturdy to hold a lot of weight. Lighting fixtures for these areas should also work properly.
Always Think Positive
There are actually a lot of ways on how you can prepare your home for the holidays. Aside from the tips in this article, you can reach out to some of your team members or do some research online.
But regardless of the strategy you’re planning to use, keep in mind that having a positive mindset is key to success. Instead of thinking about how stressful and time-consuming these preparations are, look forward to the benefits you can reap from your efforts!
Many renters barely even skim their rental agreement before signing their name at the bottom. Most renters are primarily concerned with the monthly charges, one time only fees, required deposits and other financial matters. Once they verify this information is accurate according to their conversations with the leasing agent, they often sign the agreement with no questions asked. This is a mistake because a rental agreement is a legal contract which may have a host of important information which the renter should be aware of before signing the document.
Considering a Roommate?
Those who are considering the possibility of a roommate may mistakenly believe this is possible because they are living alone and have two bedrooms and two bedrooms. These uninformed renters may see an opportunity to share their rent with another. However, some rental agreements strictly prohibit renters from soliciting their own roommates and allowing an additional person to move into the apartment after the lease is already signed. Renters who violate this agreement may face harsh penalties. These penalties may even include eviction.
Renters who want to have the option of a roommate should ideally make this decision before the contract is signed. This will enable the homeowner to put provisions into the contract to allow for the renter to add an additional resident at any time. The leasing agent may still require final approval of your roommate but this approval process will likely be dependent on the results of a background check as well as a check of the potential roommate’s finances.
Want to Adopt a Pet?
Renters who wish to adopt a pet in the near future should also familiarize themselves with the rental agreement. This is important because restrictions on the types, size and specific breed of pets apply not only when the renter moves in but throughout the terms of his rental agreement. This means a renter who has signed contractual documents stating they do not own any of the prohibited pets such as dogs or cats are not free to purchase or adopt additional pets during the course of the rental agreement. Therefore, renters who do not have pets but plan to adopt or purchase pets in the near future should read the contract documents as if they are already a pet owner and decide whether or not to sign based on the statements within the policy.
Plan on Having Visitors Regularly?
Even renters who have regular overnight guests should familiarize themselves with their rental agreement before signing the document. This is important because frequent guests may actually be considered residents in some situations. This will likely depend on the specific rental agreement but it is not entirely uncommon for leasing agents to specify that visitors who spend a specific number of nights on the property per month are considered to be residents of the apartment. This is important because the rental agreement may clearly identify how many people may reside in the apartment at any one time.
Visitors who are staying at the apartment too often may put the resident at risk of being accused of having additional persons living in the apartment. In some situations this might be considered cause for eviction. For this reason, the renter should be sure he is familiar with the terms of the agreement before allowing others to spend the night in the apartment on a regular basis.
The amenities on a rental property can often be the deciding factor for many renters. The available amenities may make a less affordable property seem more appealing. Conversely a property which is more expensive may be considered worthwhile if the amenities offered are considered valuable enough to compensate for the higher price. When making this decision, homeowners should consider their own personal preferences as well as their budgetary constraints to make an informed decision. Before making a decision to rent a property, the renter should carefully consider which amenities are necessary, which amenities are optional but highly desired and how much the renter is willing to pay for these amenities.
What Amenities Do You Really Need?
Although many of the amenities offered by rental properties are not exactly necessary to live, there are some amenities which some renters would not consider renting a property without. An exercise room is one such example. While this is certainly not necessary, many renters prefer having this option. Without an onsite exercise facility, many renters would have to consider joining a gym for their exercise needs. This will likely increase the monthly expenses significantly and, depending on the location, may also make it inconvenient for the renter to visit the gym. An onsite exercise is significantly more convenient than traveling to a gym in another location. For this reason many renters consider the added expense associated with an onsite exercise facility to be worthwhile.
Some renters may even consider only renting an apartment in a facility that has a pool. Although this is not a necessity some renters, especially in warm climates, might only consider living in a rental property where there is access to a pool especially if the majority of rental properties include this amenity.
What Amenities Do You Really Want?
In addition to the amenities a renter feels he needs, there are some amenities which may be desired as opposed to necessary. A movie theater may be an example of this type of amenity. Renters may not decide against a rental property which does not have this feature but may be more inclined to select a property that has this feature as opposed to one that does not as long as the price is comparable.
A meeting space may be another example of an amenity which may not be required but that many renters are willing to pay extra to have. Renters who entertain frequently may enjoy this type of amenity because it affords them extra space for entertaining. They may be able to easily invite eight or more people over for a dinner party if there is meeting space available but this might not be possible if the renter were confined to their apartment.
Are You Paying Too Much for Amenities?
While some amenities may be viewed as necessary and others may merely be viewed as worthwhile and still others may be viewed as superfluous, the most important decision renters will have to make is how much they are willing to pay for these amenities. Comparison shopping may be the best way to determine whether or not certain amenities are financially worthwhile.
Renters who are considering apartments of similar size in the same geographic region should consider the amenities offered as well as the price of the apartment. Apartments of similar size in the same area should be fairly close in price. However, an apartment which offers more advanced amenities might be significantly higher in price. Renters should list the available amenities and use this information in making cost comparisons. This information can be used to determine whether or not the renter is willing to pay a higher price for such amenities. Renters who conclude the additional cost is not warranted have determined that the prices of the amenities are not worthwhile to them and they are likely to choose the more affordable apartment which features fewer amenities.
When renting a house, you have to consider your rights and needs before signing that lease. Leases protect tenants and landlords rights alike - these rights are laid out entirely in any contract you sign.
Leases are considered legal contracts, so it's crucial you know what you're signing and what you're giving up.
Your lease should contain your rent details, and how much grace you'll have if you have problems paying. Your lease will also detail who your landlord is and give you contact details for them. You'll need to consider what your lease should cover - whether you're allowed pets or to redecorate. It should outline what your responsibilities are to do with the house - whether you'll be responsible for the home - whether you'll be required to keep the garden, if you have one - what bills your rental cost covers, what taxes and fees to do with the house you'll be required to pay and how long your lease is for.
A short hold lease is six months, and other rentals can last longer. An average of around a year is a good length, though it all depends on how comfortable you are with the idea of possibly moving again within 12 months. It should also detail how long it renews for, when it renews.
You'll need to ensure your notice period is a fair one - and get information on how that will work. Its always a good idea to make sure your landlord is responsible for any breakages, such as the heating, boiler, or plumbing - and that you are only responsible for minor damages, if at all. Optional additions to your lease might include whether you're responsible for window breakages, and other small things - and whether you need to take out insurance to cover your property or whether that's included.
The most important thing to remember about your lease is that you should be delighted with it, and that it doesn't put you in a position that's unreasonable, or unmanageable. Good leases give you the power to live in the home comfortably, without paying the major bills, and those leases are also usually the most acceptable for both tenant and landlord.
Renters who have a dog or more than one dog may face additional challenges when renting an apartment or a house. One of the primary challenges the renters may face is finding a living situation which is acceptable to them and also willing to accept their pets. This can be difficult as many rental properties do not allow dogs at all. Those who do allow animals on the property may place certain restrictions on they size and breed of dog which may reside on the property.
Finding an Acceptable Living Situation
The first step in renting with dogs is to find an acceptable living situation. For those who wish to rent with dogs, the first question to be asked should be whether or not dogs are allowed to live on the property. This is important because it can save the renter a great deal of time. The renter may otherwise invest a great deal of time learning more about the property or even undergoing a credit check only to find out pet are not permitted.
For some dog owners, finding a rental situation which allows dogs is not the end of the search. The renter should also confirm the type of dog he owns will be allowed to live on the property. This may include both the size of the dog as well as the breed as some apartment complexes place limitations on the size of the dog and also prohibit certain breeds. Again confirming these facts early in the search for an apartment can be a tremendous time savings especially for those who own large or commonly banned breeds.
Renters should also consider the surrounding area when selecting a rental property. An ideal location would be one in which there is an adequate location to walk and exercise the dogs. Areas with large grassy areas may be ideal while areas which do not have a location to walk a dog may be problematic.
Read Contracts Carefully
Renters who have dogs should read their contract carefully before making a decision to rent a particular property. This is important because many landlords may impose restrictions on renters who own dogs. These restrictions may include, but are not limited to, requiring an additional security deposit for the renter, requiring specific cleaning methods on the carpets after the renter vacates the apartment and holding the renter responsible if the dog engages in nuisance barking. Nuisance barking can be a problem in apartment situations where the apartments are located close together and even share a common wall. Renters should be aware that in some situations, nuisance barking can be a cause for eviction. For these reasons, renters who own dogs should take the time to familiarize themselves with the rental contract.
Take Care of Your Rental Property
Finally, renters who have dogs may have to take additional efforts to maintain their apartment. This may include more diligent cleaning, especially of the carpets. Renters with dogs should respond quickly to accidents in the house to minimize the possibility of permanent staining and odors. Each accident should be addressed immediately and every effort should be made to clean the affected area completely.
Renters with dogs should also vacuum regularly especially if their dog is a heavy shedder. This will help to keep the living environment cleaner and will also minimize the amount of cleaning required when the renter vacates the property. Regularly vacuuming will prevent hair from being embedded into the carpet so deeply that it is difficult to remove.
Finally, renters with dogs should take care to pick up after their dogs while on walks and to keep their dogs leashed while in common areas. Many cities have leash laws and laws regarding picking up after dogs. Even if these laws are not in effect, renters should follow these policies as a courtesy to their neighbors. Additionally, keeping dogs on leashes during walks helps to ensure their safety by preventing them from running into the street.
Review your credit report from each credit reporting agency at least once a year. Credit report helps to know where you stand financially at the year ending.
The law of credit report many vary from state to state. But generally one can investigate their credit report from any of three financial bureaus.
To check your credit report you need to provide all of the following information to the financial bureaus.
• Current and previous addresses from all apartments
• Marital status
• Current and former employers
• Social security number
• Liens and judgments
• Child support obligations
• Loan and credit card payment history
• Credit score
• Who has checked your credit report
Now according to Federal Fair Credit Reporting Act (FCRA) law one can have a copy of their credit report annually with no strings attached. It's good to check your credit report regularly for accuracy and fix it if required.Catch the errors before applying for an apartment. Errors and omissions can cause background check and security clearance hassles. It's not unusual for credit reports to be inaccurate. One can have a credit report from any of three bureaus or at a time from all of the three companies.
If you find someone is violates FCRA, you can file a case. Numbers of online sites are there those who provide your credit report. But may be fake sometimes, search for a legal sites of three financial bureaus where you just have to fill the online form with all the correct information. Sometime many people give their incorrect credit card number and their form gets rejected by the bureau. So try to avoid all such incorrect information to get your credit report as soon as you can with all the correct information.
There are a number of laws on the books to protect people who have bad credit ratings or in a 2nd chance situation. These laws are important, and you should know about them in order to protect yourself from unfair practices performed by collection agencies. The federal Fair Credit Reporting Act (FCRA) was enacted to protect debtors from creditors and collection agencies.
As a debtor, you have a right to ask creditors and collection agencies to stop hounding you. You must contact these agencies right away and request that they end communication with you. You should write a letter carefully to avoid giving the collection agency anything it can use against you later on. If you have been threatened with a lawsuit, you can write an informal letter to ask the agency to stop harassing you.
You would be wise to attempt to negotiate with a creditor if you have a current debt especially with an apartment. Some creditors may reduce your balance or drop the debt completely in some cases. If you have a debt that is more than seven years old, do not have any communication with the collection agency about that bill. The account should have been removed from your credit report after seven years, and if it has not, the lender is in violation of the law.
Creditors tend to disregard lawsuits because they may feel they will not win them. If your debt is old, collectors want to avoid the high attorney fees associated with collecting it. If you owe a debt, you have the legal right to protect yourself. One of the best ways to resolve credit problems is to repair your credit.
Under the law, collection agencies cannot send mail to your address with any labels or symbols on it. They cannot call your family members about your debt. The agencies must stop communicating with you if you have received a subpoena to appear in court. Additionally, collection agencies cannot call a debtor before eight in the morning or nine in the evening. If you have retained an attorney, and the collection agency knows about this and calls you anyway, you should file a complaint with legal authorities about this.
You must document all relevant information when you are in debt. This will protect you in the future. Collection agencies cannot call you at your job, and they cannot send people to your home disguised as law enforcement or government officials in order to collect a debt. Agencies can't send letters, make calls, or undertake any type of communication that implies impersonation of something they are not.
If an agency calls you, it must follow the law and identify itself within one minute of the conversation.
There are many laws on the books to protect you against unfair actions by a collection agency. There are also laws to protect the agencies from debtors, so it is important to know your rights. As a debtor, you should also try to repay what you owe and begin to repair your credit.
If you are trying to make ends meet and are having past due bills pile up, the last resort you would want is to take out a payday loan to pay your dues. There are many sources available today that offer payday advances. To get a quick payday advance loan, you can connect online with many payday advance loan companies. Most payday loan companies do not check credit so even if you have bad credit or no credit, you can still apply for a payday loan. The loans are issued after you show proof of banking account, Social Security, Driver License and Pay stub proofs. This information is used against you, often the lenders will deduct money from your accounts including interest, and principals that apply to each loan you take out.
If you are applying for a payday loan online…Beware…Some of the sources are not even institutes that specialize in payday loans. When you are trying to repair your credit, the last thing you need to do is spend money that is not necessary. When you borrow money from payday loaners, your personal information may not be private. Since many of the lenders are outside of the United States and are out of government regulations, your information just might fall into anyone’s hands. This puts your credit at great risk. You would be wise to perform some extensive research to ensure the payday loan institute is valid and trust worthy.
Payday loans offer you a loan against your paycheck, but the downside is you will be paying higher fees to get the loan. You could be wasting money and taking a chance on your identity. Some payday loan companies offer a "free" loan to their new customers i.e. no fees as long as the loan amount is paid in full on its due date. If you are searching for help to repair your credit, it might be wise to search the market for legitimate resources that will help you restore your credit at little or no cost to you. There are Debt Counselors and Debt Management Companies available that assist people with credit repair but the best source is you. You might be wise to check out government options that are available to people with bad credit.
Many services are available to help you repair your life. The best solution is keeping up to date on your bills if possible or minimizing your monthly installments by opting for credit cards that have no fees attached and low interest rates. If you have a credit card, or else applying for a credit card avoid charging items to your cards unless it is absolutely necessary. You might want to apply for a different credit card if you card has high interest rates and discontinue your old card once you receive your new card. In some cases, depending on your credit card history, you could call your credit card company and ask them to reduce your interest rate. If you have had a good history with the company, they will most likely oblige.
If you suspect that someone has access to your card be sure to contact your provider immediately to report the card lost or stolen. Always keep this information in close vicinity to ensure a quick response. Be sure to only provide your personal information to those you trust i.e. Social Security Number and Bank Account Number. Never give information pertaining to you freely especially over the phone. If you are considering a loan to payoff your debts, check the market first before applying. The more applications you complete, the more it applies against your credit report. You might want to cut back on your utilities, i.e. reduce your heat or air conditioning, to save funds that can be applied to your bills.