It’s a renter’s worst fear: your roommate has decided that they want to pack up and move out before the lease is up.
With so much money on the line, this can be a tricky situation. With any luck, you have a responsible roommate who has already thought the situation through, but most likely, you’ll have to put your heads together and think of a solution.
Here are a few things you can try to make the transition as smooth as possible:
- Replace your roommate. This will be your cheapest option. Maybe you or your roommate know someone that can sublet the unit from him or her, or even turn to a roommate-finding service or Craigslist for a new person to live with.
- Roommate continues to pay half. You can suggest that your roommate continues to pay their half of the rent until the end of the lease or until you can make other arrangements – just make sure you get this in writing.
- Buy out of the lease. Check your lease for a buyout clause. You may find that it will allow you to leave the lease early for a predetermined amount of money.
- Discuss your options with your landlord. If you have an reasonable landlord, you may be able to talk with them about the issue. If you’ve been a good tenant, they may be willing to work with you to find a solution.
- Pay the entire rent. If your roommate can’t afford to pay their half of the rent – or refuses to – this may be your only option. In this case, you may have to save up or dip into your savings to pay the entire rent for a few months, if you can afford to.
If your roommate chooses to back out of the lease early, it doesn’t have to mean trouble for you. Be sure to have a backup plan in case this happens to you.
Learn more about online rent payment with WilliamPaid.