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Updated over 4 years ago,
Tenants breaking the lease
Current lease is through the end of August and my tenants informed me at the beginning of June that they would like to move out early. I have agreed to this stating that until there is another tenant in their place , they will be responsible for rent. I do have another prospective tenant that may move in July 1st. A few questions below:
1. If no new tenant in their place by the end of their lease, are they legally responsible for the remaining payments?
2. They want to do an informal walk through a week prior to move out , so i can point out what needs to be fixed and give them an opportunity to fix it. I was going to do it but wanted to see if there are concerns there. I dont want them to hold me to anything if i have missed something on this round.
3. They also want a formal walk-through on the day of move out, on June 30th , and on the spot determination of the security deposit holdback, if any, and return of said deposit. My understanding, i am not legally obligated to do this. I was going to do the walkthrough but not make any promises on the security deposit.
4. Can i also mention that the security deposit stays until there are new tenants?
Thank you!