Friday, September 10, 2010

Does eviction hurt your credit, even if nonpayment of rent is not a factor?

My landlord has decided to not renew my lease and has given me written notice to move out because they would like to renovate the apartment. My wife and I are currenly looking to purchase our first home and moving at this time will be very financially burdensome. (Moving Costs plus having to lock in for another 1 year lease at another location) We have never been late for rent and pay our bills on time however the landlord will not grant any additional time. I understand that my only alternative may be to go through the eviction process however I need to know what sort of effect this will have on our credit considering it has nothing to due with paying the rent, just moving out of the apartment. I am in Connecticut.