Roomate Co-sign lease - other roommate wont pay or sign 30-day

R

rawimpact

Guest
Jurisdiction
Tennessee
Background:
1 Year Lease (5 months left)
Rent: ~2100/month
50/50 payment

Okay, so my name is Drew and I'm finding myself in a difficult situation. My housemate refuses to pay his portion ($1050) of rent or give 30-day notice of leave. I contacted management and told them the issue, they suggested i sign over a 30-day and they would contact him to persuade him to do the same. He denied it. Last month (December) he could not pay rent and I paid his portion as well under the stipulation that he pays it back over time. He's paid me 300 dollars of total 1300 owed (addition due to late fees). This month (January) he looks to be refusing to pay rent and I am no longer willing to pay his half anymore.

I know this can go either two ways, I pay his rent for the remainder of the 5 months and take him to small claims, I refuse to pay the remainder and this goes to eviction where my credit is effected but again, i can go to small claims to collect the remainder of my 1000 and hope that the judge determines he's the cause of break of lease and pays my fees.

good news is that management is working with me because he's been a late payer for many months now. This is a problem for both management and me since I know my credit is on the line here.

Any advise here?
 
Your assumptions are nearly correct.
The exception deals with you successfully getting a judgment if you sue the deadbeat.

You won't get money.
You will only get a pretty piece of legal paper saying Jack owes You $5,000.

That's when the dream becomes a nightmare.

Fewer than 5% of small claims judgment holders ever collect a $100 or more.

That means 95% of small claims judgment holders collect almost nothing.

You, the judgment holder, must endeavor to collect on your judgment.
 
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