Tenant Wants to Break Lease

[William Lok]

Hey guys,

I just got notice from my tenant today that he wants to break the lease for two properties that he's currently renting out. The lease does not expire till 9/30/2014 and 1/31/2015 respectively. I went through the lease and I found this paragraph in the lease.

I tried my best to understand what this states but I do not understand it completely. Does it state that I am able to claim the difference between how much I am currently charging my tenant and how much the fair market value after I deduct a 4% discount from it? If so, what if the fair market value is lower than what I am currently charging?

Thanks for your help guys!

[Ryan B.]

I stopped reading the paragraph after the first couple of sentences. You should shorten up all the mumbo jumbo and have your lease state tenant is responsible for rent until expiration of lease or until you find another suitable tenant whichever comes first. Short, sweet, and easy to understand.

Also, not picking at you, but where did you get your lease? Kinda frightening you don't even know what your own lease says.