Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Managing Your Property
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago,

User Stats

64
Posts
11
Votes
Daniel Netzer
  • Developer
  • Bend
11
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. 

Loading replies...