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Updated almost 4 years ago on . Most recent reply

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Melissa M.
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Early Termination Clause in Contract

Melissa M.
Posted

Hello, I am in the process of revising our contract here in KS.  (Live and Learn!)  I am wanting to add an Early Termination Clause, but I can't find any examples online to modify and work with.  Does anyone here have one in their contract and if so, can you share if it's just a set amount or if the amount you charge changes depending on how many months early they are leaving.  We just had a tenant move out of state (personal issues) after being with us for 2 months.  Thank you much for your input and thoughts!

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,284
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28,186
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

@Melissa M. my lease reminds them they are obligated for the full term but we will offer them a method of early termination as long as they abide by our Early Termination Agreement. This is a separate document that details our process and the price. The policy is on my website under Tenant > Forms if you want to check it out.

  • Nathan Gesner
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