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Updated over 7 years ago on . Most recent reply

User Stats

33
Posts
9
Votes
Chris Shuptar
  • Investor
  • Naperville, IL
9
Votes |
33
Posts

Tenant wants break lease with 1.5 years left.

Chris Shuptar
  • Investor
  • Naperville, IL
Posted
I am in a strange situation. I have a tenant in one of my units and she has signed a 2 year lease. She is about 5 months in and now she is telling me that she "can't afford" the $1500/month rent and she will likely need to move soon. She has been a good tenant for the 5 months she's been there... but now I'm between a rock and a hard place First of all, what can I legally do about this? I don't want to ask her to pay out the remainder of the lease because that'd be pretty unrealistic. But I feel like just letting her out of the lease really screws me over. Secondly, she is the kind of lady that has lived with all the finer things in life... so she has a boatload of stuff in that unit. I think ever square inch of that 1400sq/ft unit is packed with her luxury items. It'd take a full week of work just to pack that stuff into a moving tuck. If she "can't afford" to pay rent anymore, how do I get her out quickly so I can get a new tenant in it asap? Do I give her a deadline?

Most Popular Reply

User Stats

206
Posts
364
Votes
Nicholas W.
  • Investor
  • Germantown, WI
364
Votes |
206
Posts
Nicholas W.
  • Investor
  • Germantown, WI
Replied

Work with her. Tell her she is responsible for the rent payment until you find a new tenant, then start looking for a new tenant. The fact of the matter is if she can't afford the place you don't really want her any way as it will only end badly for you.

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