ULPT Request: What would be the repercussions in breaking my lease? I don’t care about my credit score, and I will own a place to live.
I recently purchased a modest place to live, and I will own it outright, with no mortgage.
It is ready to move in, but I am locked into a lease with no buy-out clause until October. I am technically responsible for rent payments until the lease ends unless I can find someone to take over the lease.
What could the landlord do if I just moved and ghosted them? I have a great credit score at the moment, but I don’t really care if it tanks since my intention is to live debt free anyways. Additionally, I am not worried about it showing up on any sort of background check since I don’t plan to rent anywhere else in the future.
I guess worst case scenario they would be able to sue me and garnish my wages, right?
I would be moving from Colorado to Georgia.
I’ll probably end up just shelling out the rent until October.. but I am curious.
Edit: It’s been on the market for about a month with no inquiries. I think my current rent is a bit above market and people can get better deals elsewhere. Seems like the rental market swung a little in the renter’s favor over the last year and left me with a slightly high rent compared to other places around.