How Lying to Your Landlord Can Cost You

3344771391_e73b2404ed_oLying on your rental application or while being a tenant may feel like it’s saving you money and potential rejection, but those lies can cost you! The “costs” may not always be monetary, but can cause a bigger burden to your future rental attempts than you’d expect.

The most common lies revolve around hiding a pet, subletting your space without letting your landlord know what’s going on, faking your job (or references), and whether you smoke or not. Getting caught in a lie obviously has consequences, but how far can these lies bring you down? The list below is classified by ascending severity:

Don’t expect to receive a friendly rental reference if you have lied to your landlord. On the flip side, you shouldn’t lie about who your landlord is when applying to rent other properties because they will catch on and see through what you’re doing.

If you have broken your rental agreement, it is very likely that fees will follow. This may include a pet deposit fee, a fine for hiding this from your landlord in the first place, or a fee to cover any damages that may have incurred.

Any unpaid fees that result from lying to your landlord and breaking your agreement have the ability to affect your credit score. For example, if you defy your landlord’s trust to the point of eviction, future unpaid rent can damage your credit score by around 50 points!

When you break the rules and lie to your landlord, it is within their rights to evict you. This is especially true when you have let a new roommate move in without letting your landlord know, not paying your bills on time (if at all), or having a pet that you aren’t allowed to have. In the pet case, if you are found out, the landlord could make you to get rid of your furry friend in order to maintain residency.

In the case of withheld money or property disputes, a small claims lawsuit may ensue. A lawsuit could also become an issue if your hidden pet inflicts damage on someone, or your secret roommate causes damage to your rental property.

Though it may add more charges to your monthly bills, it is much smarter in the long-run to find a rental place that accommodates all of your needs without having to lie. What may seem like a small white lie now, could impact your credit and future in many different ways.

10 Cheapest U.S. Cities to Live In

Ever wondered which cities are cheapest to live in? Look no further – BuckBuys Houses gives you the information for the top 10 most inexpensive U.S. cities!

idaho falls
10. Idaho Falls, ID

Cost of Living: 12% below average

City Population: 57,646

Median Household Income: $45,990

Median Home Value: $146,900
conway
9. Conway, AK

Cost of Living: 12.1% below average

City Population: 60,470

Median Household Income: $44,745

Median Home Value: $147,400
springfield
8. Springfield, IL

Cost of Living: 12.3% below average

City Population: 117,076

Median Household Income: $48,022

Median Home Value: $114,100
peublo
7. Pueblo, CO

Cost of Living: 12.9% below average

City Population: 107,577

Median Household Income: $34,750

Median Home Value: $118,400
wichita falls
6. Wichita Falls, TX

Cost of Living: 13.6% below average

City Population: 103,931

Median Household Income: $42,559

Median Home Value: $90,500
fayetteville
5. Fayetteville, AK

Cost of Living: 14% below average

City Population: 75,102

Median Household Income: $35,970

Median Home Value: $177,990
memphis
4. Memphis, TN

Cost of Living: 14% below average

City Population: 652,050

Median Household Income: $37,072

Median Home Value: $99,000
norman
3. Norman, OK

Cost of Living: 14.4% below average

City Population: 113,273

Median Household Income: $46,595

Median Home Value: $147,100
mcallen
2. McAllen, TX

Cost of Living: 14.6% below average

City Population: 133,742

Median Household Income: $39,193

Median Home Value: $105,300
harlingen
1. Harlingen, TX

Cost of Living: 18.2% below average

City Population: 66,122

Median Household Income: $35,267

Median Home Value: $77,900
List based on the Council for Community and Economic Research’s calculations of living expenses in 307 urban areas. Cost of Living Index measures prices for housing, groceries, utilities, transportation, health care, and miscellaneous goods and services. Cities with populations below 50,000 were screened out.

 

To read about the top 10 most expensive U.S. cities, visit the Heaton Dainard LLC blog at: http://www.heatondainard.com/archives/1552

 

Numbers and Statistics: Kiplinger.com