answersLogoWhite

0


Best Answer

If you quit you are still responsible for the rent for the month in which you are late. You may also be responsible for rent or costs related to getting the apartment re-rented. To recover these costs your landlord could take it from your deposit or if that is not sufficient you could be sued for any of these costs. If your landlord wins a judgment that is the time that it will affect your credit. If the judgment is not paid then you could go to collections and that also will further damage your credit. So while quitting directly will not affect your credit steps following quitting will eventually create bad marks on your credit. An alternative approach is to contact the landlord and inform them of your desire to leave. Work out a deal where your landlord agrees to allow the lease to terminate early. You will likely need to pay the landlord something to allow you to be released from the lease without damaging your credit.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: If you get a cure of quit notice and you want to quit does it go down on your credit report and will the landlord make you pay out the rest of the lease?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Tenant rights if my lease has expired and I am giving the landlord a 30 notice to vacate,can I be ev?

Tenant rights if my lease has expired and I am giving the landlord a 30 notice to vacate,can I be evicted?


Can a private landlord report tenants to the credit agencies for damages and unpaid rent or a broken lease?

It is not likely that a private individual would qualify or pay the funds necessary to report a consumer to the three major credit bureaus, Equifax, Experian and TransUnion. However, if the landlord sued former tenants and was granted a judgment, the judgment would show on their credit reports. There are also alternative credit agencies, called Tenant Screening Bureaus, which cater to the rental market. These agencies have different clients than the "Big 3". A private landlord might find a way to report on one of these lesser known bureaus. A private landlord can report a tenant to credit agencies if the tenant failed to pay his rent or he has wrongfully overstayed without even paying a monthly rent. A 14-day written notice of broken lease and property damages may be given to tenant.


Can the landlord terminate a lease agreement if the landlord has sold the property?

This would depend upon the terms of the lease, but generally depend on why the landlord wants to terminate the lease. If the tenant violated the terms of the lease then the landlord can terminate the lease after proper warning or after proper notice is given. Otherwise the landlord has to wait until the lease expires and can choose not to renew.


How does a landlord reserve the right to terminate a lease with ninety days notice?

Prior to having the tenant sign, the landlord would insert the sentence into the lease, "The landlord reserves the right to terminate this lease with ninety days notice." Tenant may request the same terms, or take the tenancy as offered.


Can the tenant move out if the landlord told them to?

if you have a lease you will leave when the lease is finished, if you are on a month to month agreement , the landlord must give you a written notice for you to move within 2 months, if the landlord wants you evicted, they can only do that through a court order with a bailiff present, if you have not paid your rent or are in arrears the landlord has every right to remove you from the premises, this being said, they will still need an eviction notice, also your credit will be toast.,


How do you give a tenant notice to terminate a lease?

Dear _____________________ : The Landlord/Tenant Act requires me to give you written notice __________ days prior to the end of the lease that the lease will be terminated. This is written notice of my intent to have you vacate the premises on or before ___________. You may contact me at ________________________ should you have any questions. Sincerely, (landlord)


Can a landlord terminate a year to year lease when renewal time is up?

Yes with the proper notice a landlord can chose not to renew a lease


Can a landlord give a tenant 14 days to move when they have a signed lease?

Normally the landlord must give at least a 30-day notice before the expiration of the lease that he will not renew it, so the tenant must leave. There is one exception: if the tenant is in violation of the terms of the lease, the landlord may terminate the lease and give such short notice for the tenant to leave.


Does my landlord have to give me a 30 or 60 day notice of rent increase greater than10 percent in Wisconsin?

Wisconsin does not have any laws specifying how much notice a landlord must give you in order to raise your rent. Your original lease should specify how much advance notice will be given. On a month to month lease, the landlord is required to give a minimum of 28 days notice, the same as beginning eviction proceedings. If your current lease is still valid, the landlord cannot legally change the rent until the lease ends.


How do you report delinquency to credit bureaus?

reporting credit delinquenciesI am a landlord. My tenant is seriously in default of her lease and is in arrears in excess of $5,500. and refuses to pay. How can I report her to the credit agencies?-----------------You will need to take her to court (small claims court) and get a judgment against her. The judgment is a legal action against her and will show up on her credit report.


What does a landlord have to pay to move you out if he wants to move back in?

Nothing. The landlord need only give you the notice required by law (20 days in WA) and then simply move back in. The exception is if you have a lease--in that case, the landlord must honor the term of the lease unless the landlord and tenant mutually agree to break the lease. In that case, the tenant is free to demand compensation of the landlord for the landlord's breaking the lease.


Can a lanlord evict a tenant giving one weeks notice?

This depends on several factors, including whether the eviction is because of a serious or repititious lease violation, whether there is a written lease, and if the rent is on a month-to-month or week-to-week basis. Did the Landlord give the one-week notice or did the Tenant? Is there a written lease? Then the answer is probably "no," unless it's because of a serious or repititious violation of the terms of the lease. If there is no violation involved and there is a written lease, then the landlord or tenant must give at least a 30-day notice before the lease expires. The tenant cannot move out during the lease period unless the Landlord agrees to allow such. If there is no lease and the rent is month-to-month, then the landlord or tenant must give at least 30 days of notice before the next rent is due. If there is no lease and the rent is on a week-to-week basis, then one week's notice is given by either side, before the next rent is due. He can also give a week's notice if there is a lease and that lease is being seriously violated by the Tenant. Now, a week's notice, or whatever notice is given, is not an automatic right of the landlord to force you out of your home: he must follow proper eviction proceedings.