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to pay the rent and will be leaving, what would the response be?
Depends on your lease terms and state laws, but worst case scenario (and perhaps most likely) the remaining amount will be assigned to a collection agency or sold to a junk debt buyer, negatively affecting your credit. You could also be sued for it (pretty likely if the amount is over $10,000; less likely if it's $2,000 or so)
If I were you, I'd try to negotiate a deal with the landlord. Make sure it's in writing. I've heard that because of the rising rents, in some rental markets, the tenants are offered money to terminate their leases. Also, if you stop paying rent and DON'T move out, the landlord would have to evict you, which takes months, and costs a lot of money, including lost rent. So, the landlord might be receptive your offer, if the alternative is to evict you.
Depends on your lease terms and state laws, but worst case scenario (and perhaps most likely) the remaining amount will be assigned to a collection agency or sold to a junk debt buyer, negatively affecting your credit. You could also be sued for it (pretty likely if the amount is over $10,000; less likely if it's $2,000 or so)
If I were you, I'd try to negotiate a deal with the landlord. Make sure it's in writing. I've heard that because of the rising rents, in some rental markets, the tenants are offered money to terminate their leases. Also, if you stop paying rent and DON'T move out, the landlord would have to evict you, which takes months, and cost a lot of money, including lost rent. So, the landlord might be reciprocal to your offer, if the other possibility is to evict you.
(I am not a lawyer)
So what is someone supposed to do if no more money is coming in?
So what is someone supposed to do if no more money is coming in?
Like I suggested, try to negotiate a deal. Research first: read your lease terms; read state laws; see if the rents are rising in your area. Then, approach the landlord and offer to give him possession of the property under some conditions. If you reach an agreement, make sure it's in writing. Trying to find someone to take over your lease might also work.
There are plenty of blue-collar jobs that don't involve much public speaking: toilet cleaner, CostCo greeter, WalMart prevention specialist, shopping cart gatherer, and finally, doorman. Have you thought about these at all?
There are plenty of blue-collar jobs that don't involve much public speaking: toilet cleaner, CostCo greeter, WalMart prevention specialist, shopping cart gatherer, and finally, doorman. Have you thought about these at all?
I don't do blue collar jobs anymore. Administrative positions only.
Looks like I shouldn't have signed a new lease in June.
Landlords have their own finances to worry about.
One knowing your refusal to do whatever you have to do would elicit much less sympathy about making any concessions for you but would make no real difference otherwise.
You can't pay....you have to leave.
The best you can do is negotiate a way out of the lease making it as easy for the LL as possible.
Facing this just might change your mind about how picky you are about what kind of job you will take.
If the class can't understand what I;m saying then I would be fired wouldn't I? How long can one be a instructor when the class can't take the person seriously?
Who said anything about "instructor"? Just because your latest dilemma was all about an instructor position doesn't belie the basic point being made and you didn't even apply for a job as an instructor so it's a moot point.
Quote:
Originally Posted by TVandSportsGuy
I don't do blue collar jobs anymore. Administrative positions only.
Looks like I shouldn't have signed a new lease in June.
1. Exactly. Tunnel vision and accompanying rigidity as always where employment opportunities are concerned.
2. Forgive me but I suggested you go month to month when you re-signed your lease in June. Given your tenuous situation it didn't seem logical to renew your lease.
A landlord is under no obligation to accommodate a tenant who is unable to pay rent. The landlord doesn't care about your personal finances and is only concerned with his business. You need to talk to your landlord NOW if you foresee impending difficulties paying your rent and see what kind of a deal he's willing to make with you. Your lease may well have an early termination clause, so read it and see what it says.
If you sit back and do nothing and then are unable to pay your rent you'll first be given a 3 day notice to pay or quit. If you fail to pay, eviction proceedings will follow. Eviction doesn't necessarily take a long time. If (or rather when) a judge orders your eviction and you fail to move on the court-ordered date, Marshalls will physically remove you and your belongings from the premises. In any event, once you have an eviction on your record, you'll subsequently have a major blot on your credit record which will make it very difficult for you to find accommodation in the future plus mess up your ability to obtain credit in other situations. In many cases, it will also negatively affect your ability to obtain employment.
Start lining up accommodation which you can afford (or arrange to move in with friends or family) and talk to your landlord.
On the rare occasion this type of situation has come up I have made it very easy for the person to leave.
I explain that the eviction process helps no one... it is costly and time consuming for the Landlord and might make it just about impossible for the tenant to rent again... at least here.
I've gone so far as to hand-over what's left of the security deposit or return more than is due for a tenant that has been hit with a run of bad luck at move out instead of waiting the 21 days.
Another time I moved tenants to less expensive rentals if the income remaining can justify it...
The bottom line is the property manager has a duty to the employer...
All bets are off if the tenant is not forthright or dodging the situation... been through that once as a new manager and never again.
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