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Updated over 5 years ago on . Most recent reply

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Robert A. Klein
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Tenants wants to break lease before lease term ends

Robert A. Klein
Posted

Hi, just joined Bigger Pockets a couple weeks ago. Been looking around the site, checking out the posts, webinars, etc. I have three rentals. One of my tenants called this week saying they may want to break the lease early because they may be buying a house if things work out for them. They are about half way through a one year lease term. I did point out to them that they signed a contract for a one year term. I also pointed out that if the situation was reversed, I could not just tell them to leave before the end of the lease term just because I felt like it, that I would have to have a legitimate reason. Legally they are obligated to stay until the lease expires. Realistically? People are going to do what they're going to do. Any suggestions on how to deal with this situation?

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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied

Normally they loose their deposit and are obligated for rent until property is re-rented.

What does your lease say?

  • John Underwood
  • Loading replies...