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Can I still get an apartment with a broken lease on my record?

Breaking a lease can put a permanent black mark on your file. Whether you were formally evicted or you just have negative reviews from previous landlords, other landlords may be wary of renting a property out to you. But that doesn’t mean you can’t still get an apartment; it just means you need to work a little harder.

Know How You’re Being Impacted
How does breaking a lease hurt you? If an eviction was never formally filed, then the lease is probably hurting you for indirect reasons. Either you don’t have a landlord that can be contacted for a reference, or your prior landlord is being open and honest about their experience with you. This is completely legal.
More frequently, though, breaking a lease can lead to an eviction for non-payment or for absence. If you didn’t notify the landlord that you were leaving, they will evict. This will stay on your file for years, and as long as it is on your file, it’s going to show up on every background check.
 

Learn About Your Options
Now that you know how you’re being impacted by a broken lease, you can create a game plan. If you broke your lease a long time ago, it may drop off your record soon. However, if it’s been less than a few years, you’re going to need housing now.
The answer is second chance housing. Second chance apartments let in those who have bad credit or who have broken leases. These apartments are designed to give people another chance and to let them prove themselves.
A second chance apartment is just like any other apartment; the only difference is that they let people in who may have less than perfect records. Moreover, a second chance apartment will help you in getting a different apartment in the future. When you want to move, you’ll be able to use the apartment complex as a reference, and thus will have a better history to display.
If you have a broken lease on your record, all is not lost. You can still get housing, you just need to go to a place that specializes in housing for individuals in your situation. They’ll be able to get you started back on the path to responsible home renting. You’ll then be able to work on improving your credit score and putting your broken lease behind you.

Apartment Hunting With Bad Credit

Many people in this world have bad credit, but they have to live somewhere. While landlords usually frown upon bad credit, there are ways around it. Don’t let a broken lease or other financial issues keep you from getting an apartment by following these tips.

Rental History
Landlords often overlook problems with credit scores in favor of a good rental history. Character references show that you are dependable and can pay rent on time. If you don’t have a rental history, establish one by renting a room or paying your parents for living at their house. Make sure to keep all receipts.

High Income
If you have money in your bank account or have a good annual salary, a landlord is more likely to overlook credit scores that are below the healthy median. A good annual salary is more than 40 times of the monthly rent. For example, if your rent is $2,000 monthly, a salary of $80,000 a year qualifies. It’s also a good idea to keep an online renter profile on a site like Trulia. Just make sure you can verify everything, including your income.

Pay Upfront 
When renting, it’s typical to pay a security deposit in addition to the first month of rent to even get into the door. If you have bad credit, offer to pay more in advance. In addition to the security deposit, offer twice or three times the amount of monthly rent upfront.

Automatic Payments
Landlords relish getting money via automated clearinghouse (ACH) debits. Since ACH payments move between banks, signing up for automatic payments can get you that apartment you desire. However, this will only work if you have the money in the bank account each month to cover the bill.

Honesty
As long as they manage all potential renters the same, landlords can make exceptions. Be honest and explain upfront that you have a low credit score and the reasons behind it. Keep in mind that you’re more likely to be able to negotiate with individual proprietors as opposed to big property companies.

If all else fails, ask for a co-signer with a good credit score. A parent would be ideal. However, if you don’t pay the rent, the landlord will ask the other party to do so. Additionally, if your rental history contains a broken lease, you can look for second chance apartments with short terms, and work your way up from there.

3 Tips for Renting an Apartment with Bad Credit

A landlord can choose to reject a rental application for any reason, but one of the main reasons is bad credit. Having a poor credit history or even a past broken lease does not necessarily mean that you cannot find a place to live. It does mean that you need to carefully research your options before starting your apartment hunt. Here are a few tips to help you get started on your search.
Check Your Credit Report 
One of the biggest mistakes you can make is to start your search for a new apartment without being aware of what is on your credit report. You are entitled to receive a copy of your credit report from the three major credit reporting bureaus each year. If you notice any discrepancies in your report, you can dispute them and potentially improve your credit score. The improvement could increase your chances of renting.
Obtain References 
Overcoming a negative credit report often involves stacking as many positives as possible. Obtaining references from past landlords and employers can help to counter negative information on your credit report. A well-written letter from a former landlord can even help explain a broken lease. You can also use references from friends, family, and neighbors who are familiar with your character and ability to make rental payments on time.
Search for Second Chance Apartments 
Regardless of how well you have worked to prove you can be a good tenant, some landlords will be unwilling to look beyond your credit report. However, at second chance apartments, you are more likely to find a landlord willing to take a risk on someone that does not have perfect credit. You will have to prove your ability to afford the monthly rental payments, but it will be worth it.
Finding an apartment with poor credit can take time, but it is possible to find one that meets your needs. Working with a real estate agent or rental service can make the process easier. You can also learn what other steps you can take to improve your renter’s profile in the future.

Can I still get an Apartment with a Broken Lease on my Record?

Two of the main reasons landlords deny potential renters is because because of bad credit histories and for having a broken lease on their records. Viable explanations and credit repair services rectify a credit history. However, can you still get an apartment with a broken lease on file? The answer is yes, you can.

What are Second Chance Apartments?

Second chance apartments are apartment complexes that wish to help provide housing by offering apartments to people with bad rental histories. They acknowledge that people deserve a safe home, and some people do deserve a second chance. Beside breaking a lease, some of the situations that may steer you towards this type of housing include:

Inability to pay past rent
Evictions
Poor credit scores

They try very hard to understand that second chances are something that most renters deserve.

The Application Process
In addition to filling out a application for rental consideration, second chance landlords may also require a written explanation as to why you broke your lease. Moreover, they may require you to show proof that you are making financial amends for any financial loss that your prior landlord suffered as a result. Finally, if financial problems are the reason you broke a prior lease, you may be required to prove that these financial problems are resolved.

A Higher Deposit?
Finally, apartments that offer second chances may require new renters with bad credit history to pay a higher deposit than those with a good one. This helps the second chance landlords to ensure that some of any financial loss is covered in the event the at-risk renter breaks the lease, again.

At-risk renters often run into difficulties finding apartment complexes willing to take the chance of renting to them due to the threat of potential financial loss. Many who are searching for apartments believe that there is no way for them to get another apartment in their name after breaking a lease. If you are in this situation, check with the apartments who do offer second chances to at-risk renters to increase your chances of approval.

Overcome The Stigma Of A Broken Lease with A Second Chance Apartment

Searching for an apartment in the midst of your busy schedule can be a bit ttying, and when you have negative items on your credit report, it can downright challenging as well. The fact is, while it will no doubt be more of a challenge for you, it is still entirely possible to find your next apartment even if you have bad credit and have had landlord problems in the past.

There are second chance apartments with landlords that will work with tenants who have had a broken lease or other issue placed on their record. Many landlords do rely heavily on the traditional criteria when approving a new tenant, but some may be more lenient and more willing to work with you. Professional apartment locators can help in your search, or you can search through the apartment ads yourself. Large management companies will have a set criteria as to approving or disapproving an applicant. They will run your credit report to check the score and your payment history, they will check your housing history, and most if not all will run a background check. Landlords like to see a minimum of a 3 to 1 income ratio with verifiable backup.

It’s a good idea to find out what the criteria is for second chance apartments in your area. You may be able to overcome the history of a broken lease if the other criteria is met. A small landlord may be more willing if it is a one time event rather than a chronic occurrence. A tarnished credit report does not always indicate what a tenant’s future payments will be, however it is all that a new potential landlord has to go on when making a decision. If you can do it, an option is to offer to pay additional move in money. You can pay the first and last month’s rent or a larger security deposit. This will help to protect the landlord if you should default on a rent payment. It will also show that you have money set aside for your move. The landlord will realize that you are a serious applicant with all intentions of living out the lease term and paying the rent on time.

Several Tips To Help You Find An Apartment After Previously Breaking Your Lease

Breaking the terms of your lease agreement can cause serious damage to your credit score. With bad credit, as well as a broken lease on your record, it may be difficult for you to find another place to stay. Luckily, there are some landlords out there who rent out second chance apartments to people in your situation. Here are some tips to help you find an apartment after previously breaking your lease.

Look For Properties That Don’t Emphasize Credit
The easiest way to find a second chance apartment is through looking for a landlord that doesn’t screen tenants. Look through the online classified listings, as well as the classified section in the newspaper. In this scenario, you are more likely to find an apartment where the landlord will not emphasize that you have good credit.

Do Not Look At Property Management Companies
The majority of rental agencies and property management companies will look at your credit score while reviewing your application. They will also review the information concerning the broken lease on your report. With your bad credit and a broken lease on your record, it will be difficult for a property management company or rental agency to approve you.

Find A Roommate
It’s much easier for you to be approved for one of the available second chance apartments if you have a roommate. Finding a roommate can help you move past the tenant screening checks. You may be able to find an apartment through a sub-lease agreement. You can also ask your roommate to sign the lease agreement. Many landlords approve this method as long as your roommate has great credit.

Do Research On The Approval Process
Do some research to figure out which landlords perform credit checks before approving anyone. Try to inquire about the credit checks without giving away that you have bad credit.

Other Alternatives
Consider asking one of your relatives to co-sign the lease. They would be responsible for paying the balance on the lease if you can’t. Paying a higher security deposit can also help you get approved. If you break the lease, the landlord can take the security deposit.

5 Tips to Finding an Apartment After Breaking your Lease

If you’ve ever broken a lease, you might assume that you won’t be able to get another apartment in the future. It won’t be the easiest task to accomplish, but it’s not impossible. Keep these five tips in mind to help you find an apartment after breaking your lease.

1. Be honest
Don’t hide that you’ve broken a lease before from your new potential landlord. Explain the circumstances and be upfront about what happened. They may be willing to give you a break since you were honest from the start.

2. Check your credit score
A good credit score can make your broken lease look not as bad, while bad credit works against you. Check your credit score with the three major credit bureaus, and print a copy out for your records. A good credit score shows you’re able to handle your financial obligations in a responsible manner.

3. Examine second chance apartments
Look into renting a second chance apartment. These apartments are geared specifically towards those who have a broken lease on their record. They provide individuals with another chance to prove that they’re a responsible tenant in the eyes of the landlord. You’ll have a better shot of approval at one of these facilities compared to looking for a rental through a private individual or company that utilizes a one-size-fits-all formula for applicants.

4. References and recommendations
Try to get more references and recommendations to provide to a new landlord if you’ve broken a lease before. Consider asking your boss, former landlords you’ve had, or other individuals who’ve worked with you in a positive manner if you can use them for a reference on your rental application. It helps for a landlord to have reassurance from people who know you that you’re reliable and worth taking a slight risk on.

5. Offer extra money
Show a good-faith effort and offer an extra security deposit or higher rent payment in exchange for renting to you. Acknowledge that you know you’re a higher risk than some other applicants and explain that it is why you’re offering to pay more. It will cost you a bit more upfront, but it’s worth it if someone decides that the extra money is worth taking a small risk on you for. The small gesture could be the difference in whether your application gets approved or not.

Apartment hunting after breaking a lease is stressful, but not impossible. Take these steps to get your second chance to finding a new home, today.

5 Tips to Finding an Apartment after Breaking Your Lease

Broken Lease Apartment Locator

Life happens. You probably didn’t intend to break your apartment lease, but something came up. Maybe you lost your job. Maybe you had to move to a different city because of your job or a family emergency. Whatever the reason you had for your broken lease, it’s important to know that it doesn’t have to keep you out of another apartment forever. It can take a little more digging, but apartments are still available to you if you know what to do. Here are some tips to help you land another apartment and put the past behind you:

1. Be open and honest
Trying to hide your situation probably won’t work. Landlords have many ways to verify your rental history, and chances are your broken lease will show up somewhere. Being honest about your past and your reasons for it gives you the best opportunity to find a landlord willing to take a chance on you.

2. Look for second chance apartments
There are apartments that are designed for renters who have bad credit and/or rental history issues. Many landlords will rent to anyone who doesn’t have an eviction, and breaking a lease is not necessarily the same thing as an eviction. Sometimes an advertisement for an apartment will specify that no evictions and qualifying income are all you need, but in other cases you may have to ask what the criteria are.

3. Look for privately owned apartments
In general, breaking a lease makes it harder to rent an apartment owned by a management company than to rent one owned by a private landlord. Private landlords don’t always do credit and rental history checks, but management companies almost always do.

4. Offer a large deposit
No matter who you are renting from, you might have a greater chance of success if you offer a deposit that is larger than normal to make up for your rental history. For example, you could offer a deposit equal to three months’ rent instead of just one.

5. Offer a cosigner
If you can find a family member or friend with good credit and rental history who is willing to cosign a lease for you, your chances of qualifying for an apartment might be a lot better.

Breaking a lease makes it more challenging to find an apartment. However, it’s not impossible. There are still options out there for you, and with knowing what you can do to boost your chances, it might not be long before you find a place to call home.

When Your Rental and Credit History Has Some Problems: Second Chance Apartments and Tips to Make Yourself a More Appealing Renter

If you’re looking for a new apartment, but you have a broken lease, bad credit, or an eviction on your record, then you might be wondering what options you have. Things happen, and there are a few steps that you can take to find a new place.

Second Chance Apartments
First of all, you should understand that, depending on you exact situation, some landlords might not be willing to take the chance that you won’t pay your rent. But you should also know that others will. Finding a second chance apartment is an option. Essentially, these types of apartments are the same as other properties, except the landlord is more willing to take a chance with a renter who has a history of credit problems, evictions, broken leases, and other situations that can make landlords raise their eyebrows. Many larger cities offer programs that can help match renters with rental history problems with landlords who are willing to take the chance.

Tips to Make Yourself More Appealing as a Renter
Whether you choose a second chance apartment program, or you choose to go it alone, if you have back payments that are due, you need to show a good faith effort to get current on your back payments. You might also need to pay a higher deposit so that the landlord will be comfortable that they are covered if you fail to pay your rent one month.

Whenever you have past records that could make potential landlords uneasy, you can also put your best foot forward in other ways. For instance, you can bring references, show that you have job security, and offer to set yourself up on automatic deduction.

Determining Circumstances When a Lease is Broken
If you broke your lease, first of all, determine what the circumstances were and gather your evidence. There are a couple of reasons that landlords will be more willing to work with you when you’ve broken a lease. For instance, if you broke your lease because your landlord failed to fix a significant maintenance issue with your apartment, then it’s more likely that another landlord will be sympathetic. Hopefully, when you were asking the landlord to fix the apartment, you sent out a letter. Written documentation will stand up in court better and will show due diligence to prospective landlords.

Sometimes people need to move for another job, and this is another reason that people sometimes have a broken lease on their record. If you are in this situation, a prospective landlord might be more sympathetic if you can show other ways in which you are a good tenant who can pay their rent.

If You Have Poor Credit
If you have bad credit, pay your bills on time. It can take several months to a couple of years to fix bad credit, but showing a landlord that you have had the ability to pay your bills for the last several months can ease landlords’ minds.

If you find yourself in an uncomfortable renting situation, remember that you have options, and you don’t have to go it alone. You might not have as many choices as you would if your renting history was better, but there are still landlords who are willing to take a chance. And if you establish a good renting history at your new place, just like credit, you can build your rental history back up.

Is It Possible to Get an Apartment With Bad Credit?
Bad credit is something that tarnishes a person’s good name and sometimes prevents that person from getting the things that he or she needs in life. It’s sometimes unfair because the bad credit may exist because of an unavoidable emergency. If you need a place to live even though you’re suffering from bad credit, you may be interested in reading this good news:

You Can Qualify for an Apartment
The good news is that your life as a tenant is not over. You can qualify for an apartment of your own even if you have poor credit. In fact, you can qualify for an apartment even if you have a broken lease. Some lenders understand that life sometimes throws curveballs and twists people’s way. They understand that some challenging things happen that cause renters to have a broken lease. Therefore, they’re willing to take a chance on you.

The Apartment Can Be in Your Name
You don’t have to have a cosigner, and you don’t have to have someone else get an apartment for you if you have a negative credit profile. You can still have your own place with your name on the lease if you know the right place to go.

You Can Have a Second Chance
Second chance apartments are available for people who are in your same situation. They are in place to give you a second chance at life and at living in a unit that you can call your own. All you have to do is seek a compassionate complex or property owner, and you will get back on your feet again.

What to Bring
You should be well prepared when you talk to the property manager or owner about getting a new apartment. What you’ll need to bring is your pay stubs, proof of residence and personal identification so that you can prove your identity, of course. You will also need to be able to verbalize your story so that the person can understand your situation. You’ll receive an answer about the apartment shortly after you apply.

Now that you know that someone is willing to take a chance on you, you can start looking for second chance apartments in your area. They do exist, and they are waiting for you to apply. Have faith in second chances, and move forward with your search today.

5 Tips for Finding an Apartment after Breaking your Lease

After breaking a lease, it can be quite challenging to find another company or individual willing to rent to you, especially if the company has stringent tenant requirements. A broken lease can also impact your credit if the landlord takes you to court and gets a judgment in their favor. If you’ve broken a lease in the past, here are five tips to help you get approved for your next apartment.

1. Avoid large companies
Larger companies follow policies with little flexibility. Most run a credit and background check and will refuse to rent to you if something negative appears on your record. Try renting from individuals who are more likely to offer flexibility in renting.

2. Offer more money
Most apartments require security and first month’s rent, while others want first, last, and security. Offer something extra, such as an extra month of rent ahead of time or larger security deposit to help build trust. It’ll cost you more upfront but might get you an approval instead of denial.

3. Repay the debt
Landlords might be more open to renting to you if you’ve paid the remainder of the broken lease balance, which shows you’re taking responsibility for your actions. The act pays off the previous landlord, and if you explain to the new landlord, they may be willing to take a chance on you.

4. Broaden your horizons
Your options are limited when you’ve broken a lease or have bad credit. Expand your search to areas that might not be your first choice, until you can improve your record and move where you want. When this lease expires, you’ll have more leverage and a favorable reference to work with for your next apartment.

5. Get a co-signer
If you’re out of options, you might qualify somewhere that offers second chance apartments if you have someone willing to sign the lease with you as additional reassurance for the landlord. They have two people to hold responsible if you don’t pay rent. Professional references and those from other landlords you might have rented from can also improve your chances of approval.

Renting after breaking a lease isn’t the easiest task, but it’s not impossible. It takes a bit more effort, and your options are limited, but follow these steps, consider looking specifically for second chance apartments, and you’ll find yourself in a new home in no time.