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Updated over 4 years ago on . Most recent reply

User Stats

32
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28
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Lorna LeBlanc
28
Votes |
32
Posts

Advice Needed--Tenant Breaking Lease

Lorna LeBlanc
Posted

Just took a year and one month to get a 2600 sq ft duplex into beautiful shape. It's in a "B-" area and the young married couple who signed a year's lease July 1st, just broke up and are filing bankruptcy.  He had more than sufficient income to rent the place, however he was the one that broke the news and didn't reveal whether or not he lost his job.  He said he will be out in two weeks.  He expects me to keep their security deposit, which I will.  The other apartment I just wrapped up and am in the process of renting out.  Had quite a few bites but am turning down several applicants as their stories don't match up to my screening.  Kind of dreading this going into the winter (upstate NY)

I did screen extensively and they were the best of the bunch!  

Any other advice on this?

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