There would only be an entry on the CR if the landlord won a creditor judgment by means of a civil lawsuit against the renter. Evictions and defaulted lease/rental agreements are not placed on CR. There are several agencies which gather information about such issues however, and supply the information to landlords, rental agencies etc. when inquiries are made.
If the lease restricts who can live in the apartment, as long as your son is listed as an occupant on the lease, he or she can continue to live in the apartment (unless the lease specifically states otherwise). If the lease does not have a restriction on occupants, your son can continue living in the apartment as well.
They have forever to collect. If they don't go through the courts, they send you to collections. If you ever want to rent again or possibly purchase a house in the future. You should pay them for the rest of your lease and damages. If you don't your credit will be ruined. Plus if future landlords know you skipped on your lease agreement they won't rent to you. If you don't tell them and they run your credit it will be on your report. It stays on there several years even after you paid it.
At the age of 18, your son can enter into any legally binding contract, including a lease for an apartment. As long as he meets the requirements of the managing company, which generally include an income requirement, credit and renter's history check. If he does not meet their requirements then, he will need a co-signer to get approved. An 18-year-old can sign the lease to rent an apartment because he or she is legally considered an adult. This is the case in most states. However, there are a few states where the minimum age to rent may be higher.
As long as you pay any early termination fees tied to your lease, and pay off your remaining payments, it will not affect your credit. However, like with any contract that involves money, if you 'run away' from the lease, it can be turned over to collection agencies, which could then harm your credit. Hope that helps!
There are many options to lease a vehicle if you have poor credit. You can always lease the car with a cosigner, if you can find one, and so you can lease the car even with poor credit. You can also get a long term rental from a car company such as Hertz. It will be more expensive, but is an option, if you don't want to buy a car.
It is legal to put a washer and dryer stacked in an apartment, as long as the manufacturer intended them to be stacked and he apartment's lease policies allow you to do so. In most apartments that are furnished, they use this method to conserve space. So legally yes, they can be but ultimately it is up to the specifications in the apartment's lease agreement.
no you might not be able to break the lease because i tried to do that once when i had problems with my apartment and if you do you have to pay the rent for the months you made the lease for its expensive trust me i had to pay a 4 month lease witch was $3200.00 !!!!!!!!! so im sorry to say this but if u want to pay $3200.00 go ahead i would recommend u to just stay there for as long as u did ur lease for? sorry about that
The terms lease or rent refer to paying for a piece of property (such as a house, apartment, or car) that someone else owns. The payments you make allow you to use that property for an allotted period of time. The term lease can also refer to the agreement made regarding how much will be payed for how long.
I would like to know how to evaluate the credit worthiness of a company. I am a commercial and investment real estate broker. Many companie are now wanting to sell a property and offering a long term lease in return. I need to be able to evaluate the company to ascertain if they can honor that long term lease commitment.
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