Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago, 03/28/2019

User Stats

75
Posts
32
Votes
Mike Buckley
  • Investor
  • Fall River, MA
32
Votes |
75
Posts

Tenant wants to know if they can buy themselves out of lease

Mike Buckley
  • Investor
  • Fall River, MA
Posted

I have a Commercial office space tenant in a 3 year lease who after 5 months decided they cannot afford to keep the space and want to know If they can buyout the lease. Has anyone arranged an agreement like this before? I understand I have an obligation to market the space. However would It be in my best interest to take a lump sum payment? The rent is $750 per month they have a last month rent and security deposit of $750 as well. What would be a reasonable amount for a buyout?

Loading replies...