Creative options for breaking a lease

[Carson E.]

So I have a tenant with 8 mos left on his lease who has been offered the opportunity (he was not terminated) to move to a new town for a position under the same employer.  The new position provides housing and flexibility to get started ( the location is in a less desirable place in Wyoming).  Currently he and his wife are renting a newer construction house from us that would be considered in the upper end of the rental market ($1,450/mo).   I am considering three options and would be interested if anyone else has been in a similar situation.   We live 50 mins away from the house, so we would have to travel over and do group showings or set a day to show it.

Option 1: THEY find an appropriate person (we approve of) to sublease to be tacked on to the current lease with an addendum.  They do the advertising and showing.  They pay $500 fee for breaking lease.  They pay full rent until subleasee takes over.

Option 2: WE do the advertising and showing.  We approve the new tenant and begin a clean lease with new tenant.  Old tenant pays $1,450 fee for breaking lease.  They also pay normal rent until it is filled.

Option 3: They pay an adjusted higher fee of $1,550/mo and we end the lease Dec 31st (4 rental months away), which is common in this town because it is a college town and leases are on 6 month cycles many times, so there is an active renewal period 2x a year.

Anybody else have some creative ideas?

[Account Closed]

Originally posted by @Carson E.:

Thanks for the feedback.  @Account Closed the property is in Wyoming... Thanks @Ricardo R..  I think I will plan to list the property myself and screen the people to show it to.  The tenant can show it so they have some motivation in the process and we will see where it goes.  Thanks for the input everyone!

 In Wyoming, landlords have a duty to mitigate damages, which means you have to try and find a tenant asap, using reasonable means, etc.  So, all of the options you mentioned would not be legal.

http://www.nolo.com/legal-encyclopedia/tenants-rig...