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Updated almost 4 years ago,
Tenant signed lease then backed out 2 weeks before moving in
Just 2 weeks before the tenant was supposed to move in as a roommate to another tenant, they advised that they had changed their mind. I've offered the option of 3 months rent as opposed to the full 12 months as would otherwise be stipulated in the agreement given the following provision:
EARLY TERMINATION: Should Tenant vacate the premises prior to the expiration of the term of the lease agreement, Tenant shall be required to pay the balance of the lease agreement as an early termination fee.
Finding another tenant as a 'roommate' to the first tenant has not been easy - is small claims court an option in this case? Or a Court Mediator to settle the matter?