Off-Campus Apartments Leases especially College Park

[Anonymous]

Are you all simply paying the absurdly high apartment leases rent for your children right now, while they are forced to live at home due to COVID?

Paying half of March, April, May, June, July while my child is not even occupying the space is absurd. So far the building owner has said that we can avoid utility payments if we clear out the room. Utility payment which is $20/month while the apartment is worth $900/month

And before anyone complains about the high rent price, this is in College Park where 90% of the housing stock is 100-year old mold-infested dilapidated buildings so yes I will pay for my kid $900/month in a building that is not falling apart, given they are actually able to live there. And the school-owned housing is $950/month itself so the private housing literally has no differential on price.

[Anonymous]

Your frustration is understandable but...this is a contract you and your student entered into and unless the written terms say you can break it for, I don't know, "acts of God" or whatever, you are legally on the hook for that empty space. No, I'm not a landlord. But this topic has already been discussed in the college forum so I'm not sure if you're just venting or really seeking a way out of your lease. If you're after the latter, spend money on an attorney familiar with leases.

At least the landlord was willing to work on something with you re: utility bills. A drop in the bucket but he could have done nothing at all.

It sucks but a contract is a contract. My brother is paying rent on a building for his business while also paying the mortgage on his business's new building -- bought just before covid hit and shut down his business entirely due to "essential business only" orders in his state. They didn't even have time to move before they had to shut and so now are stuck paying both rent and a mortgage. He's not complaining. Yet a lot of parents complain here about college apartment rent. There are far worse situations to be in than yours, OP.

[Anonymous]

OP, my offices are closed, and will be for to months in total (if not more). Should we be able to stop paying rent on the space?

there is nothing preventing your kid from living in his apartment now, and for the rest of your lease term. When he doesn't use it by choice, it's still an obligation. How is this not obvious?

[Anonymous]

I understand and sympathize with your brother's situation, but he should be complaining and so should we. Massive companies are getting 0% interest loans (which they use to pay their high-interest loans so basically free money), small companies get free money to pay rent and employees. Out of tax dollars we pay.

[Anonymous]

Your child isn’t being forced to live at home. Why can’t they stay in the apartment?

[Anonymous]

I'm making this thread to see if any parents have found solutions with their building owner i.e. buying off two months of the lease out of the 4 left, etc.

If you aren't in this situation then don't bother posting in this thread.

[Anonymous]

I would be really happy if my kid had an apartment to live in. Our house is crowded!

[Anonymous]

Anonymous wrote:I'm making this thread to see if any parents have found solutions with their building owner i.e. buying off two months of the lease out of the 4 left, etc.

If you aren't in this situation then don't bother posting in this thread.

What does the lease say?

[Anonymous]

Anonymous wrote:I'm making this thread to see if any parents have found solutions with their building owner i.e. buying off two months of the lease out of the 4 left, etc.

If you aren't in this situation then don't bother posting in this thread.

You signed a contract. You owe the money or your kid can live there. That's your choice.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm making this thread to see if any parents have found solutions with their building owner i.e. buying off two months of the lease out of the 4 left, etc.

If you aren't in this situation then don't bother posting in this thread.

You signed a contract. You owe the money or your kid can live there. That's your choice.

Again, are you in this situation and have you negotiated with your child's building company for a buyout?
No? Then don't post.

Contracts are amendable with consent from the two parties of the contract. That is the point of this thread - whether anyone has been able to negotiate a settlement with the building company to amend the contract. If you haven't, don't post.

[Anonymous]

Anonymous wrote:I'm making this thread to see if any parents have found solutions with their building owner i.e. buying off two months of the lease out of the 4 left, etc.

If you aren't in this situation then don't bother posting in this thread.

I sympathize and am paying rent on TWO unused college apartments. One in a rural area where the school and the town manager have both asked students to stay away. The landlords have mortgages to pay and need the rent to cover it. The one area where you may find success - one landlord offered to help find a sublet. Maybe try asking for this.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm making this thread to see if any parents have found solutions with their building owner i.e. buying off two months of the lease out of the 4 left, etc.

If you aren't in this situation then don't bother posting in this thread.

You signed a contract. You owe the money or your kid can live there. That's your choice.

Again, are you in this situation and have you negotiated with your child's building company for a buyout?
No? Then don't post.

Contracts are amendable with consent from the two parties of the contract. That is the point of this thread - whether anyone has been able to negotiate a settlement with the building company to amend the contract. If you haven't, don't post.

With your pleasant demeanor and winning personality, OP, I have no doubt you'll be able to sweet-talk the landlord into offering a discount.

[Anonymous]

"Paying half of March, April, May, June, July while my child is not even occupying the space is absurd."

Why do you think it's absurd?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm making this thread to see if any parents have found solutions with their building owner i.e. buying off two months of the lease out of the 4 left, etc.

If you aren't in this situation then don't bother posting in this thread.

I sympathize and am paying rent on TWO unused college apartments. One in a rural area where the school and the town manager have both asked students to stay away. The landlords have mortgages to pay and need the rent to cover it. The one area where you may find success - one landlord offered to help find a sublet. Maybe try asking for this.

Thank you for your response. Rather than a landlord its a corporation that owns the building. They've told me that we would need to find a sublet, but I can't imagine anyone wanting to move in considering school is closed.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm making this thread to see if any parents have found solutions with their building owner i.e. buying off two months of the lease out of the 4 left, etc.

If you aren't in this situation then don't bother posting in this thread.

You signed a contract. You owe the money or your kid can live there. That's your choice.

Again, are you in this situation and have you negotiated with your child's building company for a buyout?
No? Then don't post.

Contracts are amendable with consent from the two parties of the contract. That is the point of this thread - whether anyone has been able to negotiate a settlement with the building company to amend the contract. If you haven't, don't post.

With your pleasant demeanor and winning personality, OP, I have no doubt you'll be able to sweet-talk the landlord into offering a discount.

What I don't understand is why you are still posting in this thread when it was made for parents trying to figure out what other parents are dealing with their leases.