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Started 4 months ago by stephentszuter
Latest reply from Schoolboy

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stephentszuter
Downtown Columbus
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ToddAnders said:
If I were you, I would approach the landlord, let him/her know of your intentions of moving in 8 months and move forward. Then they can plan on when to get a new tenant and you can plan on your move to the new building.

All landlords want are as much certainty as is possible. Even "bad news" of a tenant leaving is not bad given you have notice. This is why month to month doesn't work without an increase in rent.

That's my best bet. I'll just try to work with them and if possible, find a subleasee.

With downtown's demand, I'm sure I won't have too much of a problem with this.

Posted 4 months ago #
peter
Downtown
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With downtown (where I live) at nearly 100% occupancy and high-demand, there is no problem finding tenants... you'd think they would be a little more lenient than increasing my rent by $50/month.

You've got that backwards. There is a huge demand for apartments so they are LESS likely to be lenient to existing tenants, knowing they can easily replace you with another willing tenant who will gladly sign a year-lease at a higher rate.

Posted 4 months ago #
stephentszuter
Downtown Columbus
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peter said:
With downtown (where I live) at nearly 100% occupancy and high-demand, there is no problem finding tenants... you'd think they would be a little more lenient than increasing my rent by $50/month.

You've got that backwards. There is a huge demand for apartments so they are LESS likely to be lenient to existing tenants, knowing they can easily replace you with another willing tenant who will gladly sign a year-lease at a higher rate.

I'm no good at this. That's why I started a thread to figure it out. :)

Posted 4 months ago #
peter
Downtown
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:) no worries, hopefully things are a little more clear now.

Posted 4 months ago #
groundrules

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bucki12 said:
In Ohio you are on the hook for the rest of the lease amount unless they can find another tenant.

anyone ever tried to collect on this? or had someone try to collect the money from you?

Posted 4 months ago #
peter
Downtown
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Sure, happens all the time. Typically the judge will allow the landlord to go after rent for the time the unit sat vacant, as long as they made a "reasonable" effort to re-lease. It's unusual that tenant would be required by the court to pay the entire remaining amount of the lease (though good luck getting another landlord to admit to that!)

Posted 4 months ago #
peter
Downtown
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Take note when you sign a lease: You're actually agreeing to pay the full amount. It's just a convenience that the landlord allows you to pay it in monthly installments.

But again, courts typically side with tenants here. It's a risky move though; your credit will take a hit and it will be extremely difficult to convince another landlord to lease to you.

Posted 4 months ago #
gramarye
In Exile
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stephentszuter said:

Why can't we just go month-to-month without penalty?

Think of it more as buying months in bulk when you sign for a full year and buying individual items when you buy months individually. You get a bulk discount when you buy 12 at a time.

When a tenant goes month to month, the landlord assumes more risk. Not an enormous amount, but some. The relatively minor increase in price reflects that: a small increase in the landlord's risk, but not insurmountable. Compare this: My landlord sends renewal letters out 90 days prior to lease expiration, due 60 days prior to expiration. They do that so that if you're not renewing for another year, they have the ability to start advertising the property immediately as "available in [month unit comes open]." If they can get a new tenant in those two months, then the apartment will only be vacant for a week or two while they clean it up, and their revenue stream from the unit will continue relatively uninterrupted. If you're going month-to-month, the landlord will be unable to do that, and will either have to scramble to find a tenant on short notice or will have to leave the unit vacant for some time.

Posted 4 months ago #
jmiller10

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stephentszuter said:
That's my best bet. I'll just try to work with them and if possible, find a subleasee.

With downtown's demand, I'm sure I won't have too much of a problem with this.

I work for an apartment developer, you may want to ask about short term lease options. It may be more than your current rent, but less than month to month, especially since you plan on 8 more months in your current unit.

Posted 4 months ago #
stephentszuter
Downtown Columbus
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Never mind everyone. My coworker that used to live in San Francisco was charged an extra $500/month while going month-to-month.

I'm not complaining anymore.

Posted 4 months ago #
NerosNeptune
Goodale Park
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gramarye said:
Think of it more as buying months in bulk when you sign for a full year and buying individual items when you buy months individually. You get a bulk discount when you buy 12 at a time.

When a tenant goes month to month, the landlord assumes more risk. Not an enormous amount, but some. The relatively minor increase in price reflects that: a small increase in the landlord's risk, but not insurmountable. Compare this: My landlord sends renewal letters out 90 days prior to lease expiration, due 60 days prior to expiration. They do that so that if you're not renewing for another year, they have the ability to start advertising the property immediately as "available in [month unit comes open]." If they can get a new tenant in those two months, then the apartment will only be vacant for a week or two while they clean it up, and their revenue stream from the unit will continue relatively uninterrupted. If you're going month-to-month, the landlord will be unable to do that, and will either have to scramble to find a tenant on short notice or will have to leave the unit vacant for some time.

In these cases I've found downtown rentals to be more flexible with leases, since they know they will have an easy time filling the unit. My place in VV went month to month after my years lease was over at the same price.. when I moved out I don't think they had any trouble finding someone to take it within the month. I had the exact opposite experience out in the suburbs where they needed to make sure they had people locked in.

Posted 4 months ago #
Schoolboy
Columbus
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groundrules said:
anyone ever tried to collect on this? or had someone try to collect the money from you?

Yes happened to me with Huber Homes. I ended a long term relationship with a person who was completely bat shit. She repeatedly vandalized my car, broke the windows out of the house with rocks, bricks, etc... I pleaded, begged, called daily to have them let me transfer my lease to a new property. They had something like 30 vacancies open at the time. Of course, they didn't care. Told me I was stuck, get a restraining order, blah blah blah. After she literally torched by convertable, I broke lease and left.

They sued for the remainder of the lease plus the damage she did to the property after I had left... which was around $8,000. I presented all of the same evidence that I had shown Huber during my attempts to transfer. The judge actually scolded the manager in charge of my property. At first I thought he was going to let me off the hook completely, but nope. Judge awarded them 2 months rent plus my deposit.

The worst part is carrying around this eviction on my credit. Not fun at all.

Posted 4 months ago #
groundrules

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Schoolboy said:
Yes happened to me with Huber Homes. I ended a long term relationship with a person who was completely bat shit. She repeatedly vandalized my car, broke the windows out of the house with rocks, bricks, etc... I pleaded, begged, called daily to have them let me transfer my lease to a new property. They had something like 30 vacancies open at the time. Of course, they didn't care. Told me I was stuck, get a restraining order, blah blah blah. After she literally torched by convertable, I broke lease and left.

They sued for the remainder of the lease plus the damage she did to the property after I had left... which was around $8,000. I presented all of the same evidence that I had shown Huber during my attempts to transfer. The judge actually scolded the manager in charge of my property. At first I thought he was going to let me off the hook completely, but nope. Judge awarded them 2 months rent plus my deposit.

The worst part is carrying around this eviction on my credit. Not fun at all.

yowza. she sounds fun. still got her digits?

Posted 4 months ago #
Patch
Schumacher Place
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Schoolboy said:
Yes happened to me with Huber Homes. I ended a long term relationship with a person who was completely bat shit. She repeatedly vandalized my car, broke the windows out of the house with rocks, bricks, etc... I pleaded, begged, called daily to have them let me transfer my lease to a new property. They had something like 30 vacancies open at the time. Of course, they didn't care. Told me I was stuck, get a restraining order, blah blah blah. After she literally torched by convertable, I broke lease and left.

They sued for the remainder of the lease plus the damage she did to the property after I had left... which was around $8,000. I presented all of the same evidence that I had shown Huber during my attempts to transfer. The judge actually scolded the manager in charge of my property. At first I thought he was going to let me off the hook completely, but nope. Judge awarded them 2 months rent plus my deposit.

The worst part is carrying around this eviction on my credit. Not fun at all.

Oh my god. Hahaha! I used to like dating crazy chicks when I was young, but nothing along those lines!

WOW.

you must have pulled a real mind-F**k on her!

Posted 4 months ago #
Schoolboy
Columbus
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Patch said:
Oh my god. Hahaha! I used to like dating crazy chicks when I was young, but nothing along those lines!

WOW.

you must have pulled a real mind-F**k on her!

Lol... nope don't seem to have her digits anymore. It was in my phone under X incase I came up missing at some point, but it looks like my wife deleted it.

Honestly, she lost her job, lost her insurance, and thus no longer took the meds I didn't know she was on. We had roller coaster relationship that was just barely worth it because she was great at "making up". After the loss of meds, it was more like skydiving without a parachute.

Posted 4 months ago #