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Updated over 4 years ago,
Agreement to break lease
Im letting my tenants break a 2 Year lease because I’m their neighbor and they’re too loud for my taste. They want a bigger house so it’s a win win.
What should the official document include to cover myself?
I would prefer it if the home was left in move in ready condition to minimize rent loss. Is this something I can require? There’s some damage to walls and ceilings, they’re not the cleanest either. I don’t think I’ll be able to collect anything after they move out, their deposit was half of months rent and Im not sure if it will cover everything or not. I was going to stipulate that if cleaning or maintenance etc is needed after move out they will be billed for lost rent until home is move in ready. I realize that it will take time to find tenants but I’m ok with that.
I was also going to include that they need to pay all utilities on the day of (or by) move out date. They are often a few months behind on water bill, not sure about the rest of the utilities.