Terminate lease early

[Ruby Trinh]

Hi,

I am looking for your inputs. I have this lease that expires 2/28/2022. The tenants are late since the beginning and currently still owe me more than half of January rent. They broke up and I have chased rent from both of them! Since there is only one month left, I am thinking about terminating the lease early for them so they can move out. They will only need to pay me up to the day they are still in the house, not the entire of February. I hope to just get the house back and rent to somebody better, in peace! 

I wonder if there is anything I need to concern doing this? Sure, I will lose some February rent but I assume I can re-rent earlier and it will be a stress-release for me. 

Thank you,

Ruby

[Steven Foster Wilson]

Quote from @Ruby Trinh:

Hi,

I am looking for your inputs. I have this lease that expires 2/28/2022. The tenants are late since the beginning and currently still owe me more than half of January rent. They broke up and I have chased rent from both of them! Since there is only one month left, I am thinking about terminating the lease early for them so they can move out. They will only need to pay me up to the day they are still in the house, not the entire of February. I hope to just get the house back and rent to somebody better, in peace! 

I wonder if there is anything I need to concern doing this? Sure, I will lose some February rent but I assume I can re-rent earlier and it will be a stress-release for me. 

Thank you,

Ruby

 I would have posted notice right at the first time of it being late. At this point it seems like you would be in luck to even get the money when they move out. It is always good to take action fast because they will learn they can get away with it. I would post notice and hope they do not destroy it. If so though you can keep the security deposit. If you do not feel comfortable doing all of that then I would hire a PM company. I did that to just not have to worry about the headaches of all of these issues. You still have to keep on the PM company too but it is nice being removed.