Sublease With Bad Credit

State:
New York
Control #:
NY-P066-PKG
Format:
Word; 
Rich Text
Instant download

Description

This package contains essential legal documents to help you prior to and during the process of subleasing a rental property. It contains documents that are vital for addressing legal issues that may arise between a landlord, tenant and subtenant prior to or as a result of a sublease of a particular property.



The documents in this package include the following:



1) Application for Sublease

2) Letter from Tenant to Landlord -Landlord’s Refusal to Allow Sublease is Unreasonable

3) Letter from Landlord to Tenant- Sublease Granted, Rent Paid by Sub-Tenant, Old Tenant Released from Liability for Rent

4) Letter from Landlord to Tenant-Sublease Granted, Rent Paid by Sub-Tenant, but Tenant Still Liable for Rent and Damages

5) Letter from Tenant to Landlord Containing Request for Permission to Sublease

6) Sublease of an Apartment


Purchase this package and save up to 40% over purchasing the forms separately!



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  • Preview New York Landlord Tenant Sublease Package
  • Preview New York Landlord Tenant Sublease Package
  • Preview New York Landlord Tenant Sublease Package
  • Preview New York Landlord Tenant Sublease Package
  • Preview New York Landlord Tenant Sublease Package

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FAQ

When you apply to rent an apartment, you can expect nearly all landlords to run a credit check. As a general rule, you'll want a credit score of 620 or higher to secure a rental.

If you pay all outstanding charges before moving, including any back rent and fees, breaking a lease won't hurt your credit score. However, breaking a lease can damage your credit if it results in unpaid debt.

A person is considered to have bad credit if they have a history of not paying their bills on time or owe too much money. Bad credit is often reflected as a low credit score, typically under 580 on a scale of 300 to 850. People with bad credit will find it harder to get a loan or obtain a credit card.

You can be tried for the second offence of unlawful subletting and acting dishonestly at the magistrates' court or the Crown Court. At the magistrates' court, you can get up to six months in prison or a fine, or both. At the Crown Court the maximum penalty is imprisonment for two years or a fine, or both.

Most individuals or companies renting an apartment want credit scores from applicants to be 620 or higher. People with credit scores lower than 620 may indicate they are a high risk renter.

More info

How Can I Get Approved For An Apartment With Bad Credit? Not sure if you can afford it, but sometimes paying several months in advance solves this.To land an apartment rental with iffy or no credit, you've got a few options.

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Sublease With Bad Credit