Complaint Review: Texas Apartment Complexes - Houston Texas
- Texas Apartment Complexes 99 Detering, Suite 200 Houston, Texas United States of America
- Phone: 713- 864-3313
- Web: http://www.fingercompanies.com/
- Category: Property Management
Texas Apartment Complexes The Finger Companies Charged $17,000 plus to break lease. Houston , Texas
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In Texas most large apartment complexes use a method to adjust the monthly amount of rent called 'market rate.' They say the apartment could rent for example 1700 per month but they will let you rent it for 1200. If you move out early, you are then responsible to pay the difference for every month of the lease. For example if you have a 12 month lease and moved out after 2 months you would owe $500 x 10 months or $5000 dollars. This is in addition to a 60 day notice fee, a relating fee and payback on specials. I just moved to Texas and most apartment complexes have this policy so as a consumer I am really stuck if I have to relocate. In my case it ended up costing $17,724.25. This is a predatory practice perpetrated on most tenants in Texas and this practice must stop. Market Value should be what the market will pay not what the market at the height of the economy 3 years ago dictates. Yes I did sign the lease - I should not have but it appears most Texas apartment complexes use this practice so the options not to pick these apartments are minimized. Why is this practice allowed? In the end we just stayed in the apartment because it was cheaper to pay the rent even though we will not use the apartment then it would be to pay for the break in the lease. No one wins. I have lived in many states and I have never seen this practice before. Texas is an apartment rip off. Buyer beware.
This report was posted on Ripoff Report on 09/26/2012 01:49 PM and is a permanent record located here: https://www.ripoffreport.com/reports/texas-apartment-complexes/houston-texas-75225/texas-apartment-complexes-the-finger-companies-charged-17000-plus-to-break-lease-houst-947032. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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