HELP! Anybody need a place to live in the Minneapolis area?

Miscellaneous and Personal Stuff I Must Share
1

As you may or may not know, I have recently bought a house. The plan was for one of my husband’s co-workers to sublet our apartment for the remainder of our lease (through the end of June). However, our landlord now will not accept him as a tenant because his credit is too poor. We are now stuck with finding a new tenant or paying both rent and mortgage for three months!

It’s a large two bedroom apartment in the northern suburbs (along I-694) with a very convenient commute to the downtown Mpls. area. Near parks, the Mississippi River, a bike/walking trail, and an elementary school. The large complex area has two outdoor pools and one indoor pool and a rec room area. The apartment itself is nice and quiet (sometimes, you can hear the girls playing music upstairs, but I never hear my other neighbors at all) and air conditioned (wall units in the living room and one of the bedrooms) Also included is one half of a two-car garage.

This place is available immediately. It would be a sublease until the end of June, and then you have the option of staying with your own lease if you like. If you or anybody you know might like this place and would like more information, please e-mail me at tamex@mindspring.com.

Please help me if you can. It’s this or keggers to raise rent–I’m not so sure that will be so successful now that we’re past that college age. Thanks.

2

Can you cosign the sublease for the coworker? It’s not an ideal solution, 'cause if he defaults, you’re still stuck for the payment. But if he doesn’t, you’re off the hook. It’s not perfect, but if you need somone now and you trust this guy, the landlord might go for it.

3

That’s the strange thing. From what our landlord has said previously, we are stuck for the rent if he defaults whether we “co-sign” the sublease or not. We were already taking all the risk in this.

What the landlord will let him do is pay the entire three months’ rent up front. If he was just planning on living there the three months, then the rent would be all paid. However, if he planned on staying there longer (he did), then that money would go for the last three months of his tenancy. Needless to say, he doesn’t have the cash reserves on hand to pay three months of rent immediately and then pay three months of rent over the terms of the sublease (this is in addition to the regular security deposit.)

I’ve given up on him. His old landlord hasn’t re-rented his old apartment, so he’s still got a place to live that wants to take his money.