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Updated over 3 years ago,
Tenant wants out of 1 year lease - offers to sublet
Hi there,
I have a 2bed 1bath in South Lake Tahoe, CA and the tenant is on a 1 year lease which started in April 2021. She is the only one on the lease and has a roommate, but wants to move to another city by September 1st. She has offered to sublet or find someone to take over the lease. I'm trying to determine my best route forward. Any advice?
If I sublet does the new tenant pay the old tenant who pays me? Is there more risk since more parties are involved? What would you suggest? Having the replacement she finds sign a new 1 year lease?
I don't have a penalty for breaking the lease noted in the contract. Thanks for your time and advice. I'm new to this and learning lots.
Thanks,
Eric