Legal amount to charge for "break fee" : ezLandlordForms

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Legal amount to charge for "break fee"

Sam N

started a topic over 6 years ago

What is the legal amount I am able to charge for a early lease termination fee in the state of Michigan. I have seen up to 2 months rent as a termination fee. Anything helps!. Michigan Law please!

2 Comments

Shannon B

said over 6 years ago

I'm not familiar with Michigan law but I have heard that as a landlord you "generally" are allowed to charge for advertising your property (ex. hiring a realtor to show to perspective tenants, cost of advertising a property online) when the tenant breaks a lease. I would also in the future include this in the lease (how much the tenant will owe in the event they break their lease). Hope this helps.

John P

said over 6 years ago

Under "Resources" here should be a summary of Michigan law that may help. Normally the tenant is required to honor the lease. If he leaves early, the landlord has a responsibility to attempt to re-lease the place. Tenant is required to pay until you do so. Of course, collecting beyond the security deposit is generally not worth the effort because of legal fees.