Breaking Lease Early

[Aaron Antis]

Appreciate any input, in advance.  

I am just thinking ahead, just in case, but wanted to get input on what options I could have with current tenants in a lease that might not expire for close to 1-2 years from now in the event I "needed" to sell a house or two, either for a better cash position for myself, or to 1031 into a larger investment property, etc.?  

The lease from my management company doesn't have anything in it currently in case the landlord (me) needs to break the lease early.  If I can break it still, what does that look like, and are there standards on kinds of concessions for having done so (like giving them 2 months to find another place, those 2 months on my dime, etc.).  Obviously I would like to give them plenty of time to uproot their lives, but also want to balance being too generous or giving away way more than is necessary.

Thoughts?  Thank you again!

[Caleb Brown]

In my area when you sell a property leased you HAVE to honor the lease. You can't just kick the tenant out randomly unless the lease specifically states otherwise or it's MTM. If the lease was going to end you can not renew it but you can't kick someone out because you want to sell them vacant.