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Updated almost 8 years ago,
Tenant Breaking Lease
I have a tenant who just gave me notice that they will moving out in a week. They still have 9 months left on the lease agreement.
Lease agreement states tenant may terminate lease upon 60 days notice provided tenant pays termination fee (which is equal to two months rent). Termination will be effective as of the last day of the calendar month following the 60 day notice period. The termination fee is in addition to all rent due up until the termination day.
Even though my tenant will be moving out in a week do I charge them rent for the next two months as well as a termination fee? Do I need to refer to my states landlord laws for this? Does the time it takes to re-rent the house factor into this legally?