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Updated over 1 year ago on . Most recent reply

User Stats

64
Posts
12
Votes
Daniel Netzer
  • Developer
  • Bend
12
Votes |
64
Posts

Best lease breaking strategies

Daniel Netzer
  • Developer
  • Bend
Posted

Hey everyone, I have a tenant looking to break a lease agreement going into a tough rental season. The rent is $4200/month, and the lease has them on the hook for a 50% lease break fee & paying until I find a replacement. In the past, I've offered early lease terminations, which require 60-day notice + 1.5 months of rent. So, in my case, it would be 6500 in rent and plenty of notice. The only issue is more time goes closer to X-mas, which makes it progressively harder to find tenants for a 3/2 premium rental.  Are there any best practices or ideas you would recommend based on your experience? Looking forward to your feedback. 

Most Popular Reply

User Stats

64
Posts
12
Votes
Daniel Netzer
  • Developer
  • Bend
12
Votes |
64
Posts
Daniel Netzer
  • Developer
  • Bend
Replied

FYI, I'm in Bend, Oregon, not Portland, which has a thinner tenant pool, especially in the shoulder seasons. 

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