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Updated almost 9 years ago on . Most recent reply

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119
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John Vietmeyer
  • Investor
  • Johns Island, SC
41
Votes |
119
Posts

Should I let my tenant break the lease?

John Vietmeyer
  • Investor
  • Johns Island, SC
Posted

is it sometimes best to cut loses and let a tenant walk from an annual lease?

I had a nice couple sign a year lease.  Subsequently their relationship fell apart and are changing careers.  I now have a single mom desperately trying to keep her head above water.  She has not yet missed a rent payment (have fingers crossed) and is indcating she needs to find cheaper housing. 

Should I let her walk?  I'm thinking it may be better to do so now in summer as opposed to waiting for things to fall apart.  

Most Popular Reply

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1,077
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Kelly N.
  • Investor
  • SE, MI
461
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1,077
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Kelly N.
  • Investor
  • SE, MI
Replied

Hello John,

I think it is better to work with them to find a solution that is best for both of you than to wait until they are in trouble and you have to evict.  It's better for her- saves her money in the long run and she won't end up with an eviction on her record.  It's better for you since you won't have to worry month to month whether she'll be able to make rent and you won't have to go through evicting her.  If it were me, I would talk to her about finding a new place and start showing the apartment.  You can either just simply let her out of the lease or let her out once you have found a suitable replacement.  

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