What is the name of your state (only U.S. law)? CA
Hi all, new to the forum and I need some advice.
I cosigned for an apartment lease for my adult daughter. She'll have bee3n in the apartment for two years come January, although her lease is not up until March 31. She has been given an opportunity to move to a house that would not only be more comfortable, it would save her money--which she badly needs as the rent in this apartment has become too much for her because circumstances have changed over the past year. If she stays in the apartment, she is in danger of not being able to pay the rent and therefore get evicted. If she takes this opportunity to move, it will help her a lot financially so I'd like for her to be able to do it.
The kicker is, she has to give 30 days notice (which is no problem) and pay an extra $1000 to break the lease and get out early. She does not have an extra $1000. If she waits until her lease is up, she'll lose out on this other opportunity and with her credit and income, it will be difficult to rent another apartment.
My question is...although it's wrong, what if she just gives the 30 day notice but moves out without paying the $1000 lease breaking fee? Will this harm my credit? Hers is trashed anyway so we're not worried about that, but mine is stellar. Will it affect my ability to rent another apartment in my own name?
Please don't judge my daughter. She has gone through some difficult times and is doing the best she can. The economy and job market in California are awful. I just want to know what will happen if she breaks the lease without paying.
Thank you for your advice!
Hi all, new to the forum and I need some advice.
I cosigned for an apartment lease for my adult daughter. She'll have bee3n in the apartment for two years come January, although her lease is not up until March 31. She has been given an opportunity to move to a house that would not only be more comfortable, it would save her money--which she badly needs as the rent in this apartment has become too much for her because circumstances have changed over the past year. If she stays in the apartment, she is in danger of not being able to pay the rent and therefore get evicted. If she takes this opportunity to move, it will help her a lot financially so I'd like for her to be able to do it.
The kicker is, she has to give 30 days notice (which is no problem) and pay an extra $1000 to break the lease and get out early. She does not have an extra $1000. If she waits until her lease is up, she'll lose out on this other opportunity and with her credit and income, it will be difficult to rent another apartment.
My question is...although it's wrong, what if she just gives the 30 day notice but moves out without paying the $1000 lease breaking fee? Will this harm my credit? Hers is trashed anyway so we're not worried about that, but mine is stellar. Will it affect my ability to rent another apartment in my own name?
Please don't judge my daughter. She has gone through some difficult times and is doing the best she can. The economy and job market in California are awful. I just want to know what will happen if she breaks the lease without paying.
Thank you for your advice!
