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Updated about 11 years ago on . Most recent reply

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William C.
  • Plano, TX
0
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40
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Do I need to sign the listing agreement with tenant's agent if tenant brech the lease

William C.
  • Plano, TX
Posted

Hi,

My tenant sent a notice to me that they want to do early termination due to their new house is ready. Their lease ends in July. They have an agent and asking for tenant replacement option. Their agent sent me the MLS listing agreement and agree for me to pay no cost. Do I need to sign the listing agreement with tenant's agent, or just give the tenant's agent a verbal OK with my screening qualifications is sufficient? If I sign it, any potential bindings or things I need to consider?

I do have the option to collect 2 times monthly rental amount penalty to let the tenant go. But understand that the current tenant choose the replacement option and want to save more, which I am OK with it.

Appreciate for your answers & helps!

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Matthew Paul#2 Contractors Contributor
  • Severna Park, MD
7,478
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Matthew Paul#2 Contractors Contributor
  • Severna Park, MD
Replied

You dont need to sign ANYTHING with your tenants agent , Your agreement is between you and your tenant , If the old tenant can bring you a new tenant that passes your criteria , great . If anybody were to pay a fee it would be your OLD tenant , or the new one.

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