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Apartment contract??

Ok ladies this might be a stupid question, Do you ladies know if my credit can get ruined if i leave from the apartments i stay at without letting the office know. Yes we do have a contract thats not up until October and our baby is due August so we would like to leave before he is born cause it will be hard moving with two kids and were actualy trying to get a house,we just want to be in a bigger place before he is born. Anywho, i was lookinng over the contract but it does not mention what happens if we break the contract. Thanks for helping ladies!

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Asked by 1Adriana3 at 11:48 PM on Jun. 4, 2009 in Money & Work

Level 1 (0 Credits)
Answers (2)
  • Yes, it can affect your credit score if you break the lease. Especially if you just move without telling them or putting in 30 days notice and probably paying a penalty to break it.

    If they do notify them and they let you out of the lease (again, probably with a penalty you will have to pay), then it wouldn't be quite as bad for your credit score.

    You could try just calling them though and saying that you were just thinking about this, and what is their policy as far as letting people out of their leases early?

    Answer by sailorwifenmom at 3:28 AM on Jun. 5, 2009

  • I agree with the previous answer. In addition, if you leave without notice, not only will it affect your credit score, but the management company most likely will come after you for money that you'll owe for breaking the lease. Usually, management companies will let you out of your lease with at least 30 days notice and probably a one-month rent penalty. I strongly advise you speak with the apartment manager and go about this the right way so it doesn't end up screwing up your credit and getting a collections filed on you.

    Answer by vicesix at 3:46 PM on Jun. 5, 2009

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