Tenant Passing Away w/ 13 months left in a 2 year lease

[Mike K.]

Good Morning Fellow BPer's!

I have a situation that has come up recently with a rental unit that I have and wanted to see what the communities thoughts are. My tenant recently passed away 11 months into a 2 yr lease in which his daughter guaranteed the lease payments. The daughters have since asked to be released from the lease early which I do not have an issue with although I do not feel that I should be subject to a loss in my income stream due to this unfortunate event. How do you craft such a response without sounding harsh? Has anyone else ever had this issue? The daughter's have agreed to pay my expenses but I think they are under the impression that its soley the broker's fee and any fees payable to the HOA.

Thank you in advance for your replies!

Mike  

[Roshan K.]

Someone died and you're thinking about collecting money from the dead guy's daughter? ........ I'm not sure I'd want to be your tenant. Charge them until they take the stuff out, take an extra month payment if you must, then break the lease. Treat your tenants how you'd want to be treated. They just lost their father. You might lose a couple months income stream until you fill the vacancy. I think asking for the rest of the lease rent is harsh