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Updated over 7 years ago on . Most recent reply

User Stats

32
Posts
2
Votes
Joel S.
  • Investor
2
Votes |
32
Posts

Terminating a Lease Early

Joel S.
  • Investor
Posted

Hi BP Community-

I have a rental property in Houston, Texas and I have a question about terminating a lease early in order to sell. When terminating a lease early to sell a house, is an early termination clause required in the lease agreement? What is the worst that could happen if it's not? The tenants lease is up in a few months, but I'd like to sell before that if possible. The property manager is moving, so not looking to go through that process again. I would give 30 days or whatever the requirement and probably pay him as well for the inconvenience.

In addition - I don't really want to sell to another landlord because the return most likely won't be as high.

Any advice is much appreciated! 

Best,

Joel

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