What Happens if I Owe Back Rent?
Breaking a lease early because of the inability to make rent payments can result in owing back rent to your landlord. Signing a lease agreement protects your landlord if you decide to vacate the premises early. And with a lease agreement in hand, landlords can employ various tactics to collect back rent.
Eviction
If you haven't already vacated the property, your landlord will send a notification alerting you to pay back rent or risk being evicted from the apartment or house. Landlords vary, and if undergoing economic hardship, your landlord may extend kindness and allow several weeks or a month to make payments. But if unable to bring the account current, your landlord will evict you from the property.
Collection Account
Once you're evicted or you voluntarily leave the property, expect your landlord to continue his collection attempts to receive past-due rent payments. He may conduct his own collection attempts, or hire a collection agency to collect back rent. Techniques used by collection agencies may include telephone calls and letters. Collection accounts can also appear on your credit report, causing further credit damage after an eviction.
Lawsuits
Paying your creditor or collection agency is key to avoiding a civil lawsuit. Your previous landlord may file a suit against you after several months of non-payment of back rent. Speaking with your landlord and making a payment arrangement can help prevent a lawsuit. Consequences of a lawsuit include receiving a judgment on your credit report. Judgments are derogatory items that stay on your report for seven years. It's imperative to understand that paying a judgment doesn't remove the information from your credit report.
Rental Problems
Moving out of one rental and owing back rent can have an impact on future rental options. It's common for some landlords to run credit checks and ask for rental references. An eviction or breach of contract in your past can result in paying a higher security deposit or needing a co-signer for a new rental. And if a potential landlord contacts your previous landlord and learns that you owe back rent, the new landlord may reject your application.
Legal - How To Information eHow
www.ehow.com/legalHave legal questions? Use our expert advice to get information on federal and state law; family, tax, criminal and employment law; and more.
See What Happens When a Carjacker Encounters An Armed
conservativevideos.com/2013/06/see-what-happens-when-a-carjacker...A security camera (no audio) captures an armed carjacker's attempt to steal an automobile. The owner is also armed and fires several shots at the assailant.
What Really Happens When You "Like" garymoyers.com
garymoyers.com/what-really-happens-when-you-likeI have long held suspicions that the Like button on Facebook is not your friend. Im sure youve seen some of the pictures floating around Facebook that seem to ...
What Happens If You Get Into An Accident Without Auto
trafficcourtpros.com/blog/what-happens-if-you-get-into-an-accident...There are real dangers for driving without auto insurance. You can be jacked in an instant if you are unlucky enough to get into a crash w/o auto insurance
Joss Whedon On Kickstarter And "Firefly": "It Doesn't Just Open ...
www.buzzfeed.com/adambvary/joss-whedon-on-kickstarter-and-fireflyBut Whedon does feel unfettered joy about the success of the Veronica Mars Kickstarter campaign. posted on March 14, 2013 at 7:36pm EDT Joss Whedon was one of ...
Common Questions from First-time Homebuyers - HUD
www.hud.gov/buying/comq.cfmLoans Grants Buy a HUD Home HUD HomesWhy should I buy, instead of rent? Answer: A home is an investment. When you rent, you write your monthly check and that money is gone forever. But when you own your ...
Employed but still homeless, working poor say 'Homelessness can ...
rockcenter.nbcnews.com/_news/2012/11/28/15490042-employed-but-still...By Jessica Hopper, Tim Sandler and Cristina BoadoRock Center Before the sun rises, Cindy and Patrick Kennard wake their three daughters, fold their cots in a Sunday ...
Caught Shoplifting: What Happens Next? - rockinjoe on HubPages
rockinjoe.hubpages.com Crime ShopliftingDisclaimer: I'm not an attorney. The following article is NOT intended to be legitimate legal advice. If you are stopped by a Loss Prevention employee, you are ...
What If? Things That Make You Go Hmmm... Investment
www.mauldineconomics.com/ttmygh/what-if"Every step that you take . Could be your biggest mistake . It could bend or it could break . But that's the risk that you take." Coldplay, "What If?"
What Happens If You Abandon Your Home and Let It Foreclose?
bethparker.hubpages.com Explore Home Real EstateSo what happens if you abandon your home and let it foreclose? This article will help you understand what the consequences will be if your home ends up being foreclosed.
0 komentar
Posting Komentar