Legal Question in Real Estate Law in Colorado

Risking a money judgment when there are no assets

Louise Aron

Attorney at Law

Lakewood Office:

1536 South Ingalls

Lakewood, Colorado 80232 USA

(303) 922 7687

fax (303) 922-1370

Cherry Creek Office:

300 South Jackson #100

Denver, Colorado 80209 USA

(303) 780-7339

Satellite offices:

Boulder - 4450 Arapahoe Avenue, #100

DTC - 4610 South Ulster, #150

A TOLL FREE NUMBER is available to clients outside the Denver metro area.

web site http://effectnet.com/la/

My email: [email protected]

LawGuru User

Dear LawGuru User:

Whether you have assets or not, it is unwise to break your lease without discussion or settlement with your landlord. Without a release from your landlord, you risk court action and a default or other judgment being taken against you.

Though judgments against you may be difficult to collect, breaking a lease can result in the landlord, or worse, its collection agency, annoying you and/or placing a bad mark in your credit report. Your credit report is vulnerable, even if your assets are not.

I recommend that you negotiate with your landlord. Try to obtain a substitute tenant (note that sublets often require landlord approval). Or offer your landlord a sum of money to release you from your obligation, but be sure to get any such release in writing.

I believe that it is unwise to walk away from an obligation such as a lease simply because a judgment against you may be uncollectable.

Please feel free to contact me if you need additional information.

Thank you for using LawGuru.

Sincerely,

Louise Aron