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Updated over 10 years ago on . Most recent reply

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37
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7
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Ed S.
  • Anchorage, AK
7
Votes |
37
Posts

Early lease break clause

Ed S.
  • Anchorage, AK
Posted

I'm currently going through an early lease break and luckily I filled it quickly, however, it was unexpected (1 month into 12 month lease) and I'm updating my lease for the next tenant. I was hoping to get some input from the BP community as to what you put in your lease.

Some things I've seen is:

- ~2 months rent

- keep SD

If you keep these do you let them out completely or are they still on the hook until you fill the place on top of these fees? 

Thanks in advance for any help on this topic!

Most Popular Reply

User Stats

277
Posts
187
Votes
Ursula B.
  • Involved In Real Estate
  • Winston-Salem, NC
187
Votes |
277
Posts
Ursula B.
  • Involved In Real Estate
  • Winston-Salem, NC
Replied

When asked about breaking the lease, I tell all tenants and prospective tenants they are on the hook for the rent until the unit is filled.  What usually happens is they will ask to go month to month after the initial lease term (usually at a premium of about $125) so they can just give a 30-day intent to vacate notice and not break the lease.

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