Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

79
Posts
41
Votes
Remmy Vernon
  • Vilas, WI
41
Votes |
79
Posts

Elderly Tenant Moved into Assisted Living - Now what

Remmy Vernon
  • Vilas, WI
Posted

Got a voicemail today from an elderly tenant's son-in-law saying after several hospital visits, they have moved her into an assisted living facility and she won;t be returning to her apartment.

She just renewed her lease in Oct. of this year for a year.

She is a sweet little old lady and we are sorry to have her leave but also understand why.

It's winter here, and this will put us at 3 vacancies. If it weren't for the fact that all 3 of these units need new carpet, paint, etc., I wouldn't be too worried. I would just let her go.

I do not see any laws regarding breaking a lease when moving to a care facility. Can I offer them a penalty for breaking the lease rather than trying to make them pay the remaining portion of the lease? Maybe 3 months rent? Just to get me through the worst part of winter. I also don't want to rent this unit out without the renovations I feel it needs, plus I can get a little more money for it.

Of course, I could just let it go. It's Christmas, right? 

What would you do or what have you done in similar cases?

Most Popular Reply

User Stats

980
Posts
739
Votes
Michael Boyer
  • Investor
  • Juneau, AK
739
Votes |
980
Posts
Michael Boyer
  • Investor
  • Juneau, AK
Replied

remmy, I would get it turned around and let it go at that. Try and reduce the vacancy and use it as an opportunity to improve the unit. Your only damages are until you rerent anyway, so weigh that, too.

You would have to research your state contract law or see a legal professional , but impossibility or even impracticability can be reasons to let someone out of a contract in some cases.. 

Here the person sounds literally unable to live there alone...so they might point to that... Plus, probably lots of emotional issues for that family anyway...and you would look shady in a court going after old people who can't live on their own anymore....I like your Christmas idea and playing the Scrooge at the end of the story (after he sees the light) not the  beginning sounds the best route....

Loading replies...