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Updated almost 2 years ago on . Most recent reply
Tenant broke lease
So I am currently house hacking. One of the tenants I had signed a 3 month lease. After the second month he just up and disappeared. No warning, no heads up, nothing. In the lease there was an agreement that if it was terminated early it would cost him $1000. How do I go about receiving these funds? Or what are the next steps I have to take? Do I just eat the loss? Any information would be greatly appreciated.
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- Real Estate Broker
- Cody, WY
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Quote from @Exavier Martinez:
So I am currently house hacking. One of the tenants I had signed a 3 month lease. After the second month he just up and disappeared. No warning, no heads up, nothing. In the lease there was an agreement that if it was terminated early it would cost him $1000. How do I go about receiving these funds? Or what are the next steps I have to take? Do I just eat the loss? Any information would be greatly appreciated.
Deduct it from the security deposit.
No deposit? I hope you learn a lesson and get one next time.
Going after him is only going to frustrate you. This is one of those times where you should just let it go.
- Nathan Gesner
