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Updated almost 9 years ago on . Most recent reply

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3,930
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Max T.
  • Investor
  • Philadelphia, PA
3,342
Votes |
3,930
Posts

Broken lease, significant rehab, 0 days vacant

Max T.
  • Investor
  • Philadelphia, PA
Posted
Tenant informs me that he and gf have to move out several months early (mental health). Would I allow him to break lease? I check calendar. The best I can do is one month early. Not good enough for him but he accepts and we sign off. They move out earlier but continue to pay rent. I begin the rehab. New tile around tub, refinished hardwoods, walls/ceilings/cabinets painted, and new doorframe for rear door. Takes about 3 weeks. In that time I begin advertising and showing. There is a lot of interest. I inform tenant that I can let him out of agreement another month early (may 1) as I am confident I can get the place rented. If he agrees he is paid in full since I collect last month rent up front at move in. He agrees right away and we sign off. Now place is ready for new tenant may 1.

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