Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago,

User Stats

50
Posts
30
Votes
Corey Schaecher
  • Rental Property Investor
  • Saint Louis, MO
30
Votes |
50
Posts

Tenants Want Out 4 Months Earlier - Termination Fee?

Corey Schaecher
  • Rental Property Investor
  • Saint Louis, MO
Posted

I have three friends living together in a house who are splitting rent, but they're not getting along any more and all want out of the lease now.  Their lease is set to expire September 30, 2017 and they want to be out June 1, 2017.  

I was planning to charge 2 months rent as a termination fee.  Does that seem appropriate being that there's only four months left?  I have to turn the house over and find new tenants (Dogtown area in St. Louis).

I welcome any thoughts.

Corey

Loading replies...