Title: Does Breaking A Lease Affect Your Credit?
Headings: Breaking a lease won’t appear on your credit report, but this is when it could really hurt your credit
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Breaking a lease won’t appear on your credit report, but this is when it could really hurt your credit
If you’re relocating or can’t afford your rent, you may have to break your lease. CNBC Select speaks to an expert about when breaking a lease could affect your credit score.
When a broken lease could hurt your credit
How to prevent a broken lease from hurting your credit
Tips for renters
Why you want to maintain a good credit score

Content: If you and your landlord come to a revised agreement, make sure to have it in writing. For this reason, it may be best to communicate over email or have the agreement written up and confirmed over email. Propose a new tenant to replace you. “ If you’re able to help your landlord find a new tenant, they may be more open to negotiating or lowering your termination fees,” Ma says. Find a sublet. It may be difficult to find a permanent tenant that can sign a new lease entirely, but a sublet may be an option. If you know someone who would sublet your space, this could be an easier way to get out of your lease early. Just remember that even when you sublet your apartment to someone else, you are usually still responsible for any rent that goes unpaid (since you are technically still leasing from your landlord and your sublet is leasing from you). Why you want to maintain a good credit score
Breaking your lease may be the best solution for your current situation right now, but it’s important you make sure to protect your credit score no matter what choice you make. It may not seem necessary now, but a good or excellent credit score can help you go far in the long run.