Not renewing lease- no security deposit

[Mandy McAllister]

We have a B/C property in the western suburbs of Chicago that we are renting to a couple we know (cardinal sin). My husband agreed to hold no security deposit, a rent $300 under market (leases at $1200, should be $1500) and waived late rent payment fees consistently. Now that I've taken over management of this house, I have made the decision we should not renew their lease ending 4/30. In hopes to remain cordial with this couple and ensure (some) care of the property during their move out, I was thinking of promising a few hundred dollars if things check out upon move out inspection, and introduce them to a real estate agent to help them find a new place. I would present these things in a conversation 60 days prior to not renewing the lease. My question- how much would you offer the couple in this situation? $200? $300? Any other ideas of how you might end the business end of this relationship? Thanks for your two cents, BP Nation!!