Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 1 year ago on . Most recent reply

User Stats

158
Posts
39
Votes
Helen Zhang
  • Austin, TX
39
Votes |
158
Posts

Early Termination Requested by Tenants

Helen Zhang
  • Austin, TX
Posted

Hello, 

My tenant would like to terminate his rental contract with me and I would like to grant him that. I am interested in letting him pay 200% of the current rent. I don't want to call it a reletting fee as I do not expect him to pay for rent until a tenant replaces him. What would this fee called? is it early termination fee? and is there any template for this type of agreement I could use?

Thanks,

Helen Z

Most Popular Reply

User Stats

28,204
Posts
41,309
Votes
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,309
Votes |
28,204
Posts
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied
Quote from @Helen Zhang:

Early Termination Fee. You should have a written agreement that states what they are paying, when they are paying it, when they will be out, what happens with their deposit, etc.

Connect with me and send a private request and I will share my form.

  • Nathan Gesner
business profile image
The DIY Landlord Book
4.7 stars
168 Reviews

Loading replies...