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Updated over 6 years ago,

User Stats

34
Posts
12
Votes
Joseph Ortiz
  • Investor
  • Baton Rouge, LA
12
Votes |
34
Posts

Tenant Breaking The Lease

Joseph Ortiz
  • Investor
  • Baton Rouge, LA
Posted
Hello! I have three tenants renting ONE of my properties. One of them wants to break the lease and leave earlier. Should I keep his security deposit and should I keep him responsible for the rent until the other two tenants find him a replacement? Should I request another security deposit from the new tenant that they will find or just the new tenant will take over the lease? Also, should I prepare new lease for all of them (like the first lease was) or just a separate lease for the new tenant? Thanks for you help!

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