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Updated about 9 years ago on . Most recent reply

User Stats

55
Posts
36
Votes
Clayton Sneider
  • Investor, engineer
  • Longmont, CO
36
Votes |
55
Posts

Lease early termination fee

Clayton Sneider
  • Investor, engineer
  • Longmont, CO
Posted

Hey,

I have a tenant in my first rental property that wants to break the lease early. There is no early termination clause in my lease (I will add that in now, lesson learned). I would like to charge him ~1/2 month early termination fee, but he is fighting it.

Can I legally charge this early termination fee, even though it is not in my lease? It seems crazy to me that a tenant should be able to just terminate a lease at any time, with no penalty, whether it is in the lease or not.

Thanks.

Most Popular Reply

User Stats

190
Posts
99
Votes
Benjamin Timmins
  • Landlord
  • Utica, MI
99
Votes |
190
Posts
Benjamin Timmins
  • Landlord
  • Utica, MI
Replied

IF he refuses to do it amicably, hold him to the lease, and take him to small claims court. Just make sure you attempt to limit your damages by looking for a new tenant.  You should get at the minimum at least 1 months rent ordered from the judge.

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