dtravelbiz
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yes to your question. |
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meg b
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yes, since her signature is on it, she is also liable, and it will affect the both of you in a bad way. |
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purplewaterhorse
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What kind of lease? Is it for an apartment? vehicle? horse?
furniture?
It will hurt both. I cant believe you would consider doing this to your mother after she signed for you . It will be her butt if you dont pay. She will have to .
Talk to her...maybe the two of you can find someone to take the lease over ...then no one gets hurt. |
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whoopsididitagain
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usually if it is a lease on an apartment you will still be responsible for making the rent payments. This is true of other leases also as businesses will always try to recover monies owed them. And yes it will affect you as well as your mother. I f you refuse to pay then they will go after your mother for restitution. Should mention depending on where you live if it is a rental problem check with local housing authority to see if you have valid reason to break the lease legally. Failure to provide what is promised is a legit reason to break a lease. |
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quickseller
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Both. Why would you want to treat your mother that way? Why would you want to treat yourself that way?
I'm sure there must be 50 different things wrong with the place you live, right? That could get very expensive for a landlord, correct? Take the time to build your case. Find his hot buttons. The landlord might even suggest that you move out. |
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D and G Gifts Etc
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It depends on why you are breaking the lease. If it is simply because you no longer want to live there then the answer to your question is yes,. It can affect both you and your Mother's credit. The Leasor (person that you are leasing from) can take you to court and get a judgement against you for the remainder of the lease. Meaning that you or your mother would have to pay the remaining months rent amount. A judgement goes on your credit report and brings down your credit score, They can also choose to report you to the credit bureaus as non-payment. They can put this on both you and your mothers credit since by law your mother is just as responsible for the lease as you are. |
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kellie r
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both |
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shay231214
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both...and I am sure your mother will be upset... |
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Ryan F
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yes and yes |
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Chrys
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both.. |
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Baby Poots
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Breaking a lease your mother co-signed could affect your credit and hers. I suggest you consult an attorney. |
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R. Guetive
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Contact your property management. You can usually pay the "fee" for breaking a lease and it won't affect your (and your mom's) credit |
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San Diego Art Nut
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It can affect both of you. What is the cost of remaining for the rest of the lease as opposed to what damage breaking it may cause? Maybe the lessor can work something out with you to get a new tenant. |
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Valentine
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no doubt about it they can sue both of you. |
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Jake
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It is my understanding that the necessity for a co-signer is to assume responsibility for payments should the primary lease holder fail to do so. So should you break your lease, your credit will be affected and responsibility for payment of remaining months and any other fees involved for early termination of lease would then rest with your mother. Then if she were to refuse to pay then her credit will be affected. The landlord can take you to a small claims court first before the fee's are reported to a collection agency. I live in texas and lease agreements may differ where you're from. |
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boychooser14
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Now that depends on what kind of lease it is for:
1. If it is like an apartment lease then you should probably give them a two week notice and reason as to why you are leaving.
2.If it is a lease on a car then yes it will ruin both your credits.
3.Think it over and call your mom and tell her why you want to break the lease if you have a really good reason I am sure that both you and your mom can probably try to talk it over with your landlord. |
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Miss cookie
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Yes. unless you give a thirty days notice letter . |
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