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Old 04-08-2009, 01:05 PM
 
Location: Pasadena, CA
1,028 posts, read 1,818,287 times
Reputation: 731
Quote:
Originally Posted by vegaspilgrim View Post
A few other questions I thought of. Have you asked your current landlord if you can continue the lease on a month-to-month basis? Have you considered subleasing-- both renting a sublease-- or, if you sign a year lease and end up moving out of LA, subleasing your apartment to others? And how much typically does it cost to just break a lease (if it came to that)? Does that affect your credit rating?
I pay 950/month right now and my landlord gave me a take it or leave it scenario of paying 1150/month on a new 1 yr lease. Apparently my lease states it terminates after 1 year and does NOT go into month to month.

We may be interested in a sublease if we can find one. I don't really want to get into subleasing a place I rent because if the people I sublease to don't pay, then I'm responsible.

Breaking a lease depends on how it is written in your lease. Most just want the remaining cash that you owe on your lease. Some write in X amount for terminating the lease. If i just get up and walk I'd get sued and it would destroy my credit.
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Old 04-08-2009, 01:11 PM
 
Location: Denver, CO
5,460 posts, read 13,895,728 times
Reputation: 4412
Your landlord sucks. Especially in this economy, with less demand, people bulking up on roommates, rents going down on average, beggers can't be choosers, from a business point of view. I can't believe your rent would actually increase at this time. Especially if you're already a known, reliable tenant. Wow! Though your current rent sounds awfully cheap to me-- only 950 a month (I'm guessing for a studio or 1 bedroom)! I'm paying 1200 a month for a s***box studio by USC (uh oh... I think I have to barf again.... ).
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Old 04-08-2009, 01:16 PM
 
Location: Pasadena, CA
1,028 posts, read 1,818,287 times
Reputation: 731
Quote:
Originally Posted by vegaspilgrim View Post
Your landlord sucks. Especially in this economy, with less demand, people bulking up on roommates, rents going down on average, beggers can't be choosers, from a business point of view. I can't believe your rent would actually increase at this time. Especially if you're already a known, reliable tenant. Wow! Though your current rent sounds awfully cheap to me-- only 950 a month (I'm guessing for a studio or 1 bedroom)! I'm paying 1200 a month for a s***box studio by USC (uh oh... I think I have to barf again.... ).
Yeah we had cheap rent for awhile now which is why he is raising it. The new people having been paying 1150 for over a year now and he wants to get that for our place It's a 1 bedroom.
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Old 04-08-2009, 01:57 PM
 
Location: West LA
75 posts, read 130,210 times
Reputation: 26
Did you check out Craigslist? I saw at least two on there for Pasadena that were available for month-to-month for about 1200. I don't that area too well but you never know. Also I emailed a lot of people on Craigslist because we wanted a short-term lease and most of them said it had to be a year...but a week later some of them emailed us back saying they would work with us.

Not all places require you to pay the remaining amount on the lease. When we moved into this place we asked about breaking the lease just in case we find a house sooner rather than later. If we break the lease we are onlly required to pay the last thirty days of rent after we put in our notice to vacate. The place I lived in near UCLA was the same way. You always need to ask because most of them don't want to volunteer that info, but there are a lot of places that will allow you to break a lease without a heavy penalty.
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