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Updated over 7 years ago,

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3,757
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3,107
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Kenneth Garrett
Pro Member
  • Investor
  • Florida Panhandle/Illinois
3,107
Votes |
3,757
Posts

Fee/penalty for terminating a lease

Kenneth Garrett
Pro Member
  • Investor
  • Florida Panhandle/Illinois
Posted

Hi BP Community.

I want to add a clause in my lease for allowing an early termination of the lease.  I just acquired a property and one of the tenants moved out early.  Should have been disclosed to us but that is  a different story.  I recall a 1-1/2 month fee of the monthly rent as a cost to terminate the lease early. 

Example: Rent is $1000/month the fee to terminate would be $1500.     

If any has used language can you please share with me.     

Thanks. 

  • Kenneth Garrett
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