All Forum Posts by: Anthus Williams

@Dorothy Butala, thank you, that is very helpful advice. I don't have a specific early termination clause in the lease they have signed (although I do have a clause that says "each and every tenant listed above shall be individually liable for the entire Lease Amount and all terms of this Agreement as well as being jointly liable as a group.") But I will make sure to add something like this to my next lease. In the meantime I'll talk to the landlord/tenant board here and see what they have to say.

@Max T. your point is well taken, but I think it's better to go with it, since she is asking about paying me to get out of the lease and I can still charge full rent to the other two to boot.

I've lurked a fair amount on these forums but have never posted before. Thanks in advance for any help on this.

I have a property which three students have leased together. The lease ends in August. Now one of the tenants wants to get out of the lease early. The other two plan to remain through the end of the lease. I'm not really sure how to approach this situation:

1) I could just let her out of the lease, i.e. treat it as though the other two are assuming it. Will this cause problems for me if I the other two try to break their lease later and I want to charge them for it?

2) I could divide the remaining lease and let her pay a third of that. Not sure if this is strictly fair as the full rent would still be being paid under the terms of the lease by the other two tenants.

I've gotten a lot of value from the insights on offer here on Bigger Pockets, and I'd appreciate any insight as to how you have handled similar issues in the past.