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
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
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

All Forum Posts by: Colin Petzold

Colin Petzold has started 1 posts and replied 1 times.

This is my first BP forum post and it is in regards to Michigan law on lease break fees in Michigan. It is my understanding that in the case your tenant breaks a lease contract early, as a landlord, you can only charge the tenant up until the apartment is re-rented (+ any expenses incurred like marketing the apartment)

Can anyone speak on the legality of reletting fees in Michigan (ie the costs the landlord faces due to an early termination) and how a landlord is to come up with this number to push onto the tenant? For example, could the reletting fee simply be "1 month's rent" which would be charged in addition to the rent for the time until the apartment is re-leased? In short, looking for the most effective legal way to deter lease breaks.