I'm getting ready to move between HUD-subsidized apartments. In my current location, all utilities are included in the monthly lease payment. My new apartment lease will require two utility payments, including electric service. Based on peak averages I received from the electric company, it appears monthly payments will fall within my budget. However, due in part to my less than ideal credit, I must pay a $125 activation deposit before service can be activated.
Here's where it gets complicated: If I occupy my current residence during any calendar day of January '09, I will be billed for the entire month in advance, per my contract terms. If I turn over my keys prior to January 1, no bill. Yet since it is now four days until the end of the year, I will breach my current landlord's 14-day termination notice requirement if I move out during this next week -- and in turn I'll be assessed a 14-day prorated penalty fee.
If, on the other hand, I wait until the second week of January - which is my preference - I will in fact have access to a third-party donation to cover my electric deposit. Yet I will also face two 70%-subsidized lease payments, when I have budgeted for only one payment. I was flatly told by my current landlord that it will take at least 30 days for my prorated refund to be processed...if it shows up at all.
Anyone have experience in this type of obstacle course? I could definitely use some directions. =)
