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Updated over 1 year ago on . Most recent reply

Alex Stratton's profile image
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Alex Stratton
  • Member since Feb 24, 2021
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Alex Stratton's profile image
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Alex Stratton
  • Member since Feb 24, 2021
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Alex Stratton
4
Votes |
5
Posts
General Landlording & Rental Properties

Lease Breaking - Penalty / Fee

Alex Stratton
Posted

Hello,

What is the normal penalty for a tenant seeking to break the lease early? 

Thanks!


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James Atkinson's profile image
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James Atkinson
  • Realtor
  • from Tulsa, OK
  • Member since Apr 17, 2018
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James Atkinson's profile image
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James Atkinson
  • Realtor
  • from Tulsa, OK
  • Member since Apr 17, 2018
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James Atkinson
  • Realtor
  • Tulsa, OK
4
Votes |
13
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James Atkinson
  • Realtor
  • Tulsa, OK
Replied

Hey Alex, the penalty for breaking a lease is usually determined in the lease agreement itself under "Early Termination Clause". Typically it includes 1-2 months rent penalty and will usually ask that you give a 30 day notice. Hope that info helped

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