Lease Accounting
Can a residential lease judgement also turn into a levy on a bank account in Texas?
My husband didn’t want to be married anymore and wanted my out of the house. I left. Now he is leaving and the residential lease will be broken.
Yes, but …
Usually a broken lease judgment does not amount that much money and since an asset levy requires another law suit (not in small claims) requiring a lawyer most landlords (plaintiffs) don’t want to hurt their bottom line by shelling out the extra cash. Instead, by doing nothing the landlord is set to receive more money down the road because often a judgment includes a high interest rate tacked on to it for every year it goes unpaid. The judgment will remain on your credit until it is paid off and will continue to harm both of your credits.
It is in your best interest to make nice with your soon to be ex and then, together, make nice with your former landlord to see what can be worked out before it goes to court. Good Luck.
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