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Updated about 10 years ago on . Most recent reply

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280
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NA Jones
  • Flipper
  • Port Deposit, MD
171
Votes |
280
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Tenants vacating 60 days before lease is up

NA Jones
  • Flipper
  • Port Deposit, MD
Posted

I have clients who are closing on their home in 10 days.  Their lease isn't up until April 30th.  They wanted a later closing date, but when it came down to it, they wanted the house more :)

They are prepared (and legally obligated) to pay both rent and their mortgage for April.  I have the feeling they'll be moved into their new home by the end of February.  

Is there any chance they could negotiate handing over the keys much earlier than April 30th in exchange for a partial discount on the months rent?  Give the PM 45-60 days head start at getting the place rent ready in exchange for a 25% or so discount on what are obligated to pay?  Would that be attractive to the landlord at all?

They are in a large apartment complex with a property management company.  I'm sure this lessens the chances greatly.  But is there a chance?  

Most Popular Reply

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Roy N.
  • Rental Property Investor
  • Fredericton, New Brunswick
4,300
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7,658
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Roy N.
  • Rental Property Investor
  • Fredericton, New Brunswick
ModeratorReplied

@NA Jones 

While your tenant is contractually obligated to pay rent through to the end of the lease, what we do in your situation is work with the tenant to start advertising and showing the unit as soon as possible .... this includes coming in to affect the repairs we can with the Tenant still in the unit.   If we are able to re-rent the unit before the end of the lease, then the departing tenant is released from their obligations.

We have never had a tenant not cooperate with attempts to re-rent the unit early.

  • Roy N.
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