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Saving Money by Renting A Cheaper Flat
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by: Dave Saltonstall
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Word Count: 426
One of the best ways to manage debt is simply to spend less than you've
been spending. Reducing expenses is a practical way of putting money back
into your pocket. So you've tried the flatmate solution and that hasn't
worked. You've analysed your finances and come to the conclusion that you
must find a cheaper flat. What do you do? There are several alternative
options you can investigate, the first being to approach your landlord and
ask if it is okay for you to try to sublet. When subletting, the two
things you can do are: find someone who will pay the full amount of the
rent to you so you can pay the landlord, or find someone who completely
takes over your lease. In the first case you are at the mercy of the
renter in that you are still liable. The second case offers a better type
deal, because once new papers are signed you are out from under.
Should subletting be out of the question, ask the landlord for an early
termination or sublease assumption. If you can show financial cause, many
times landlords will understand (say in instances of loss of income, or
you must move out of the area for another job). In any event, it should be
clear that you cannot afford your current rent and that attempting to
pay the rent you cannot afford will lead to worse consequences than
staying where you are. In most cases, if a lease is broken, the landlord
will try to rent the house or flat immediately.
-- For more insightful ideas and advice on how to reduce or get a hold on your debt management issues - click on http://www.debt-free.org.uk --
Give your landlord as much advance notice as possible, 60 days may be
enough time for the landlord to secure another tenant. Offer to do your
own advertising for a replacement tenant. Keep the premises in good
condition and make sure they are spotless when you vacate. Always check
the advertisements to be sure your landlord is indeed advertising the
apartment. Even if you have moved already, stop by now and again to see if
it is rented. This is to protect yourself against any claim that the
landlord was unable to rent the unit in a timely fashion.
Most likely you will lose your security deposit, but if you have time to
plan carefully, and can cause the transfer without costing the landlord
rent or unplanned expenses, you might be able to recover part of it.
About the Author
David Salt advises those with debt management or debt consolidation worries to contact the very helpful and friendly service offered by www.debt-free.org.uk -- click-here --
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