Wednesday, May 12, 2010

GENERAL INFORMATION: The Street Sign Said "Second Chance Leasing" . What's That?



Does 2nd Chance Leasing apply to Criminal Convictions?

Hi, 2nd Chance leasing does not refer to Criminal Background.  It refers to Broken Leases and Evictions. Usually a place will consider some broken leases and evictions in tough times, like those we are facing today, to give folks a chance. They usually just charge a higher deposit (sometimes the deposit is non-refundable and they actually take out insurance with the funds).

I wish it would refer to a criminal background.  But don't lose hope.  If a place can't fill up their occupancy will 2nd Chance leasing, I have often see them ease their criminal policy -- at first they usually add Deferred Adjudications or lower the number of years they look back.

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