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Updated almost 7 years ago on . Most recent reply

User Stats

219
Posts
349
Votes
Alan Pederson
  • Investor
  • Kennedale, TX
349
Votes |
219
Posts

Wording in lease about breaking a lease

Alan Pederson
  • Investor
  • Kennedale, TX
Posted

Someone asked me recently how I handle things if a tenant needs to break a lease. This person's father recently died and he didn't need to live in a 2 bedroom apartment anymore. He said there was a clause in his lease that allowed him to pay a penalty if he had to break the lease. I read through the lease agreement I had my tenants fill out and I have nothing in there about breaking a lease.

Should I add a clause in my lease agreement to address this? If so, what type of penalty would be appropriet?

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