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Updated over 8 years ago,
Tenant wants to break lease and has a friend to inherit lease...
So I got a phone call from a tenant who is six months into a one year lease, she is moving in with a boy friend.
Lease has an early termination fee of two month's rent. I am holding a security deposit and last month's rent totally two month's worth of rent.
Now, she said she has a buddy who would love to move into her place, and is ready to move whenever she moves out, even same day. Her "buddy" is willing to sign a lease for the balance of the lease term, or a new one year lease. She wants me to waive the early termination fee because she found a replacement tenant.
Now, I said I am glad you found a candidate, but there is no way I can turn around and rent to her the same day. I need to go through the entire apartment and evaluate what needs to be cleaned and repaired after she moves out. I need to screen the new tenant. I may raise rent. I may have to repaint and/or change out the blinds. If all that takes two weeks then she is responsible for the two weeks of lost rent.
What is your experience with a replacement tenant recommended by a tenant breaking a lease? Good idea? Bad idea? Anything I should watch out for?