Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
Medium-Term Rentals
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 almost 2 years ago on . Most recent reply

User Stats

5
Posts
3
Votes
Chris Matthias
3
Votes |
5
Posts

GREAT TENANT, may want out of lease early

Chris Matthias
Posted

Good afternoon BP

I have a great tenant who has been just about  flawless as my first tenant experience. They signed a 2 year lease. Year 2 starts June 2023. They recently asked about procedures if they were able to break the lease early as they are  trying to buy a house to fit them better. Looking for recommendations on how this process is handled best if it were to get to that point. 

Thanks again.

Kind regards. 

Most Popular Reply

User Stats

14,493
Posts
11,182
Votes
Theresa Harris
#3 Managing Your Property Contributor
11,182
Votes |
14,493
Posts
Theresa Harris
#3 Managing Your Property Contributor
Replied

I'd work with them.  They've been there for a year, so it isn't much different than a 1 year lease.  Let them know you need X days' notice and if rentals are hard to fill in your area at a certain time of year, let them know that.  As Alecia said, home buying can be unpredictable.  Talk to them about their timeline because if it will take them 8 months, you may not want a vacancy in the middle of the winter (in some areas it is harder to find tenants then).

  • Theresa Harris
  • Loading replies...