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.