BROKEN LEASE , EVICTION, JUDGMENT

 

 

 

 

 

Prestige Realty has a large selection of Apartments in the Phoenix area including Glendale and Peoria; that considers/ accepts tenants with Rental Debts.

 

    • Other apartment debt with remaining balance owed and with property collection liens filed by apartments are generally treated like a rental debt.

    • If you have been denied previously don’t worry, we are still able to provide you with some apartment options. The options we provide for you are properties that would work with your situation. The apartment would consider rental debts and our collection accounts, but that does not guarantee you will be accepted till we see how everything is showing.

Every apartment community has their own criteria for accepting new tenants with a rental debt and or other issues.

However, most require: 

Rental Judgment, Broken lease, Eviction to be over 1 year old.

 

Due to how the current market is, we only have one or two apartment communities that will work with  broken leases, evictions, or rental judgments less than 1 year old. If you are currently being evicted, or breaking your lease, we may a few options for you. The apartments that can work with a recent eviction, or someone breaking their lease are usually full till 30-60 days out.  Expect a security deposit up to a month and a half and plus first month’s payment.  Generally the older the rental debt the better.

The amount of outstanding debt owed is another consideration in determining your approval or denial.

Some properties allow 2 rental debts; we do have properties that will accept more than 2, but  requires higher security deposit and will be very limited.

All apartments will charge you a larger deposit when you have a rental debt.  Be prepared to pay up to 1 month and a half security deposit, worse case scenario. This allows for the higher risk apartments to accept tenants with a rental debt in their history.

 

Having Bad Credit and or a Low Credit Score:

When it comes to bad credit, each apartment has different credit requirements.  Some apartments  require credit scores to be at least 600, some require a credit score over 500, and others are not credit driven, meaning credit friendly.  Even Below 500! With this information in our database we know what properties will work with you. And for further peace of mine, if you only have bad credit and zero negative rental history, it will be easier for us to help you find an apartment.  Even a credit score in the low 400’s.  Call Prestige Realty today for any questions.

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