When a tenant pays rent after entering into a tenancy agreement, he or she remains responsible for unpaid rents. The landlord can take legal action to recover this rent. If they win the case, they can transfer the debt to a collection agency. Unpaid debts that pass through a collection agency can affect credit quality. But back to the policy of the co-signers, I do not think they can stop the agreement. You should be more than happy to leave with a deposit they don`t deserve. I think in court they would even lose bail, and your son can say that he was understood that he needed a co-signer and that he thought the agreement was unattainable. It may be a victim to finish things where they are, and not waste everyone`s time just moving away from bail if they agree to end all collective efforts. Otherwise, I am convinced that they would lose a judge`s decision and therefore have nothing to show for their stubbornness. If you have no reason to terminate your rental agreement, another option is to rent the apartment to another person.
In this agreement, you will find another tenant who resides in the apartment for the rest of your rental. The person you sublet pays you either rent that you pay to the landlord or pays you directly to the landlord. Check your rental agreement to see if this allows you to sublet. If this is not the case, ask the landlord if it is possible to change the rental agreement and allow you to sublet the apartment because of your exturing circumstances. At the end of the day, it`s all about communication. This situation can be a lesson in developing strong renter-tenant relationships and solving rental problems. Don`t forget to get everything in writing and keep an overview of all your actions. I sincerely hope that the landlord is not crazy enough to break a lease because he „doesn`t like“ the tenant. If there was no reason to terminate the lease, it would violate the contract. While it is frustrating, a tenant is allowed to change his or her mind at any time before signing a lease.
Until the contract is signed, there is nothing that requires them to rent the property and they cannot be obliged to do so. If you are in a position where you can do so, it is usually easier to terminate the lease without fighting for rent than to track the rent collection by a reluctant tenant. However, each situation is different, so you have to be careful to make that choice. No matter how you deal with early termination of the lease, you should familiarize yourself with the specific rights that landlords and tenants have. Most typical tenancy agreements contain provisions that allow tenants to break leases with certain conditions. In the event of a rent break before the tenant arrives, tenants are generally required to inform the landlord of their decision and send a notice within a specified time after the signing of the contract. In the absence of such provisions, you have the choice between the lease as it is and the performance of all contractual obligations. This would leave the tenant with limited rights to break the lease and minimize financial liability.
If both parties agree, it is legal to terminate the lease at any time. You can choose to make this choice if you feel it won`t hurt your business too much. The credit contract clearly does not apply to a lease and the rules for distance selling were changed in 2014 and leases were excluded from the rules. This means that your tenant, if he signs on the pea line, is legally bound by the terms of the tenancy agreement.