« Co-oping | Main | Friends of the New Co-op »

January 18, 2009

The Roof Over My Head

In my Boy Scout survival class, I was taught there are three key items for survival: Food, Warmth, and Shelter. The most expensive being the last one. This essential demand is often supplied by a binding lease. This was definitely the case at school. Now I have learned process and acted with better wisdom when relocating to my current work location.


Luckily I was able to find someone to sublease my room back at school. Another co-op who is on the opposite work-study schedule as me will be able to fill my room. I wish I could have found another student to sublease from while working in this new location, but I was forced to sign a new lease for a one bedroom apartment. Thankfully, I was able to find a five month lease versus the traditional twelve month lease. Several apartment complexes have penalties if a resident wants to break the lease. I will be able to avoid that penalty, but I was still obliged to pay all the appropriate fees to start a new lease. The administration and application fee along with the security deposit were required. If everything goes as plan, I will recover the security deposit and reapply that towards the next roof to cover my head while studying back at school during the summer months.


The largest problem that I encountered during this repositioning of resting spots was my credit report or lack there of. So I needed a cosigner (thanks Mom and Dad). After this leasing term, I should have a positive record of credit. Therefore, allowing more financial independence after graduation (goodness could sound any scarier).

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Post a comment

Comments are moderated, and will not appear on this weblog until the author has approved them.

© 2008 Making It Count