Tenant want to break signed one year lease : ezLandlordForms

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Stephanie G

started a topic over 4 years ago

CA: Tenants just signed a second one year lease. Now they’re wondering if they can break it due to husband’s job and income changing. What are our options?

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Scott H

said over 4 years ago

1. tell them no. 2. tell them yes, let them terminate just like the lease was over. 3. tell them yes, but you'll keep their deposit, 4. tell them yes, but they'll have to make up any lost rent until the place is rerented. 5. tell them yes, but they'll have to make up any lost rent until the place is rerented and the cost to advertise and any fees. 6, Tell them they will have to find someone to take over their lease. You'll still do a background check. 7. Offer to reduce the rent. 8. Offer to reduce the rent, but your keeping the deposit. 9. be creative and try to find something that works for both of you. Just sign new lease spelling out the changes. Is long as you both agree.

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Matthew M

said over 4 years ago

...while the advice given by Scott H. is both direct and correct - typically, a court (should it come to that) rarely allows more than three months of rent upon lease break unless there are EXTREMELY unusual circumstances.

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Amanda C

said over 4 years ago

Our tenants JUST did this. 4.5 months into their 12 month lease. For the same reason. We gave them the option to pay the early lease breaking fee or help us find some one to rent it by the first. That meant, they had to show it when ever we had people ready to view it. If it doesn't rent by the 1st, we are keeping their deposit. We *should* have new renters in by the 17th. So we are not out any money. Good luck.

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Kimberley M

said over 4 years ago

amanda c, How much of a fee do you usually charge them for breaking their 1 year lease?

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Tommy R

said over 4 years ago

Follow these things if a tenant wants to terminate the lease early- 1. Verify the reason behind early termination. A tenant can break the lease only for a legitimate reason. 2. Review the lease with tenants. Technically tenants are responsible for remaining rent payments until you find a new tenant. 3. If an existing tenant is recommending any new tenant as their replacement, keep them only after following a tenant screening process. 4. Also, prepare your rental property for tenant turnover. To know more, visit SGP Multifamily: https://www.sgpmultifamily.com/