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Updated over 2 years ago,

User Stats

6
Posts
5
Votes
Alexander Witt
  • Rental Property Investor
  • Milwaukee, WI
5
Votes |
6
Posts

Early Termination - Advice Needed

Alexander Witt
  • Rental Property Investor
  • Milwaukee, WI
Posted

Hi all! I am a amateur landlord who is looking for opinions on what others would do and have done in this situation. For context, I purchased a duplex in 09/2020. Lower tenants have occupied since 11/2020 and upper tenantt has occupied since 04/2022, signing a one year lease agreement. 

The upper tenant told me today 09/20/2022 he has accepted a job out of state and will only need to occupy the upper through 10/2022. He was inquiring on whether he is able to end the lease, sub lease, and or pay a portion of the remaining lease.

Off the bat I would say ending the lease cut and dry is not an option. Neither is sublease. That leaves me with him buying himself out of the remaining lease, or paying monthly until end of term (04/2023). 

What would you recommend?

Thanks in advance,

Alex.

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