General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
How to specify penalties for breaking lease on lease agreement?
Hi all, I'm new to property management and trying to get a lease signed for the first property I've picked up to manage. I'm in Charleston, SC and am using this residential lease agreement. My question is: I see on here where I state the end of the lease, but I don't see on here where I can specify penalties (a fee, for example) if my new tenants want to break lease and move out early. Should I just handwrite this into the "Additional Terms" section at the end of the agreement?
Thanks for the advice!