Legal Question in Real Estate Law in California
promissory note
Roomate and I moved in. 1 year lease. I broke the lease,he was dealing drugs,we agreed to me moving out, landlord had no problem with it,as long as we moved someone in. my roomate said he would have no problem, hence we all agreed and signed paper work for it.The deposit, since we moved out,was still lingering, so my roomate and I ,signed a promissory note,stating that on or before a certain date,since he was moving another person in, he would pay me my half of the deposit.He never moved another in,and he got busted for dealing.He is still living on the premises.Is our PROMISSORY NOTE valid, and can i collect the deposit by going to small claims court?
2 Answers from Attorneys
Re: promissory note
Assuming that your roommate signed the promissory note, and his payment of 1/2 of the deposit was not contingent upon his moving someone else into the apartment, the promissory note is probably "legal." If the amount owed is under $5,000.00 in California, you can sue your roommate in small claims court to obtain a judgment against them. After obtaining your judgment, it will then be up to you to collect on that judgment. The courts will not automatically force your roommate to pay you, and you will have to "garnish" his wages, levy on his bank accounts, or attempt to seize other property to satisfy your judgment.
In California, judgments are valid for 10 years and can be renewed for additional periods of 10 years. In addition, interest accrues on a judgment at the rate of 10% per annum until paid.
Re: promissory note
It sounds like your promissory note is valid, and you should be able to get a judgment in small claims court. At least, all you have to lose is the filing fee and the time it takes you. It might be difficult to collect the judgment once you get it, but it's worth a shot.