RENTAL HISTORY ISSUES
Unpaid Broken Lease/ Eviction
Due to change of Austin rental market, we do NOT work with unpaid broken leases or unpaid/ unresolved evictions.
The only way around this is:
- The unpaid broken leases or any unpaid rental debts are so recent that they have not yet been reported to the credit bureaus.
- Your broken lease or eviction must be older than 3 years.
- Price range for these apartments are: 1/1 starts at $1,250 and up; 2/2 starts at $1,850 and up; 3/2 starts at $2,379-$2,650; 4/2 starts at $2,530-$2,750. You must be flexible with areas.
- Currently, there are NO apartments in south Austin that can work with the situation.
Unfortunately, we cannot help you if your price range is less than the above mentioned amount as we are not the ones who create the pricing system and qualification policy, but apartments and apartment market are.
Austin ranked #1 on Forbes' Fastest Growing Cities in America. This influx of people moving to Austin causes increase in rent prices and occupancies. According to Austin Statesman, the average occupancy rate stood at 97.8%. As apartment occupancy in Austin and the surrounding areas reaches its highest since 21 years, apartments simultaneously become 'pickier' which, in turns, reflects their screening criteria. There are less and less apartments in Austin and the surrounding areas that will work with rental history problems such as broken leases, evictions and rental debts. To maximize your option, it is, of course, best for you to pay off your rental debts completely. Though, apartments do view an eviction differently than a broken lease. An eviction is when you were given a notice to vacate by the apartment community and will appear under public record on your credit report. While a broken lease is when you terminate your lease prior to end of your lease contract. An eviction are, for the most part, less desirable than a broken lease.
Many apartments automatically decline an application with an eviction showing on their record even if it has been paid off. However, there are also those that will accept an eviction that is paid off and still shows on the credit report. There are limited numbers of apartments that can work with broken leases/ evictions. And each of them has different stipulations. Some require you to put down an extra deposit equal to one month rent. The extra deposit needs to be paid upon move in. Some want the broken lease (no evictions) to be at least 2 years old and a direct deposit set up with your employer. Some can only work with you if you have 1 year of positive rental history established after your broken lease/ eviction.
Trying to find an apartment in Austin while having a rental debt on your credit report is a very tough situation. You could easily lose $100's of trying to apply at this apartment and that apartment. It is that tricky that many apartment locators are incapable of locate these prospects an apartment that can work with them. At Apartments Express, we stay up-to-date with apartment approval criteria.