RENT AN APARTMENT WITH A BROKEN LEASE
UPDATE: Due to change of apartment rental market in Austin and the surrounding areas (Cedar Park, Round Rock and Pflugerville), I can NO LONGER work with unpaid broken leases and unresolved evictions. In order for me to be able to assist you, the broken leases and the evictions have to be paid off ,and the evictions must be removed from public records by the court.
THE ONLY WAY AROUND IT is:
It doesn't matter how old your broken lease is, even if it was 10 years ago, having a rental debt can easily get you denied. To maximize options, I would recommend the debt to be paid off.
**** IMPORTANT ***
- Your gross income must be at least 3x the rent. If there are more than 1 applicant, you can combine everyone's gross income to make 3x the rent.
- 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.
BAD RENTAL HISTORY
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unpaid broken lease. not paid-off broken lease. unpaid rental debt. bad rental history. not paid-off rental debt As ridiculous as it may be, you can make $100,000 a year, but you won't be qualified for a $500 a month apartment with an unpaid broken lease or any unpaid rental debts on your record... but it is NOT COMPLETELY HOPELESS!
Most of apartments in Austin and in the surrounding areas such as Cedar Park, Round Rock and Pflugerville will NOT work with you if you owe money to a rental property regardless whether it happened in Texas or not.
However, there are only a hand full of apartment communities that will work with this type of situation. Each of them will have different requirements. Some might ask for an (refundable) extra deposit equal to one month rent along with re-established good rental history since the broken lease. The majority will want it to be at least 2 years and older + established rental history.
None of them, however, accepts any prepaid rent. Yes, even if you want to prepay your whole entire lease term up front.
Less and less apartments in Austin, Cedar Park, Georgetown, Pflugerville, and Round Rock, are still working with an unpaid broken lease. To maximize options, I would recommend you to pay off the debt if you can since your options are very limited. There might be apartment communities that have become more lenient, but only one is new and considered as a luxury apartment communities. Basically, if you want anything up-to-date, any rental debts need to be paid in full or taken off.