General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 11 years ago,
Do I need to sign the listing agreement with tenant's agent if tenant brech the lease
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!