U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Mississippi
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 04-01-2015, 03:57 PM
 
1 posts, read 1,760 times
Reputation: 10

Advertisements

I signed the lease 3 weeks ago, but now I just received a scholarship to transfer to a different school. The lease states that "Starting date of lease term" is August 15 and now I want to break the lease. It is an apartment complex for college students, not the kind where you know and talk to your landlord.
The apartment hasn't even found a room for me yet, so I cannot even inspect to see if the room is good enough. They have a policy where I sign a sublet contract for them to look for a new tenant to replace me. It costs $250 and doesn't guarantee anything. They say they'd have to fill in every open space before putting new people in my spot.
I am an international student with SSN. I also put my SSN in the lease and I wonder if I break the lease, how severely it would affect me. I know breaking the lease will give me bad credit. But is that all? I sincerely don't think I'd do any damage to the apartment complex since they haven't even assigned a room for me. Will bad credit hinder my chance of getting a job or an internship? What should I do to minimize the problem?
Thank you
Rate this post positively Reply With Quote Quick reply to this message

 
Old 04-01-2015, 11:16 PM
 
1,098 posts, read 2,946,823 times
Reputation: 1059
Usually apartments allow people to break a lease if they are moving out of town for a job or something similar that cannot be controlled, and ask that they pay for the next month or two maybe, giving the apartments time to find another tenant. I suppose this particular place might take a hard line on their leases but it wouldn't be good public relations for them. If you haven't already, maybe you should ask whoever is in charge.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 04-02-2015, 07:40 AM
 
Location: Chattanooga, TN
3,010 posts, read 4,816,649 times
Reputation: 4960
College students tend to be flighty. Therefore rental agreements in college towns are typically more iron-clad and skewed towards the rights of the landlord just because of people like you. It highly unlikely, that your lease will allow a "free" lease breaking clause just because you changed your mind and want to go to a different school. But it is possible.

At a minimum you'll have to forfeit your deposit and anything else you've already paid. This would be the best case for your credit; consider it the cost of changing your mind at the last minute. At a maximum you'll have to pay out the remainder of your lease as if you live there if that's what you agreed to do by signing the contract. Your choice in this situation is to either pay, or suffer the credit score consequences. Not paying may affect your ability to get student loans.

The first thing you have to do is actually read the full lease (legal contract) you signed. You need to know what you have contractually agreed to before you can move forward.

For actual legal advice, you'll need to consult a lawyer. The next best thing (assuming you are the typical broke college student who can't afford a lawyer) may be City Data's Rental sub-forum. You should find people hanging out there who actually understand rental law.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Mississippi

All times are GMT -6.

© 2005-2023, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top