Tenant wants to break lease....advice on next step

[Ken F.]

Hello BP,  looking for some advice/opinions

My tenant called to tell me he is relocating out of state for his job. He did not ask to break the lease and told me his company would be contacting me. He is a good guy and said he will "make due on the lease" by either continuing  to pay or possibly his company would pay (sublease?....dont know..I have yet to talk to them). 

He is my first tenant on my first SFH (lease started Jan 17, end Apr 2018).

What to do:

a) Find a new tenant, have him pay until I find one.....move on

b) Find a new tenant, have him pay until I find one, have him pay fees to find a new tenant 

c) Listen to what his company is looking for, then decide (ask for a lump sum as he has 10 more months on the lease??)

d) other?

Balancing between treating this just as an end of lease or trying to get more out of the situation as I need re-rent after only 6 mths (touch up paint, ect...).....newbie (only 6 months into this game).

Appreciate your thoughts, advice, Ken

The lease states that the landlord receives one month rent if I (landlord) agree to a replacement tenant  (basically loses their deposit)

[Chris Sweeney]

I'd wait till the company calls but get the wheels turning to fill vacancy. I doubt they will offer to standby until you re-lease and will probably offer you a lump some/ lease termination fee. Given the season might work to your advantage. Trying to hold his feet to the fire could be an expensive and frustrating proposition.