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Updated over 7 years ago, 07/22/2017

User Stats

13
Posts
2
Votes
Mike K.
  • Investor
  • Queens, NY
2
Votes |
13
Posts

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

Mike K.
  • Investor
  • Queens, NY
Posted

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  

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