All Forum Posts by: Rachelle P.

I recently had someone suggest adding an "early termination of lease" clause to my future rentals, as I just got stung on that one.

Veteran landlords, what lease clauses have saved you money and sanity? I realize there are some basic boilerplate leases, but if you were making suggestions to someone new, what would you suggest they include? Thanks in advance!

My nephew is a mortgage broker in St. George. Let me inquire with him and I'll get back to you with a couple of recommendations.

Gail, the renter is a cop and does know the law. They did reference the police reports and protective order, but I had an email from them two weeks before asking for a reference for them to start building their 'dream home.' I should have realized that meant they were looking to break their lease! I just want to cover my costs for them leaving early, that's it. I love to learn, but sometimes lessons are painful. This one shouldn't be too large of a loss, I hope!

Thanks, they are already gone and thankfully the property is in great shape. Long story short, the domestic violence was an excuse for them to break the lease and buy a home 2 blocks away. If I keep the deposit, at least I am not making any losses. That is all I am hoping to do!

Any tenant is a risk. The bottom line, can they afford rent if he doesn't get a job? I would at the very least get a bigger deposit. I know it is frustrating to keep showing and not get a renter, but don't let the hassle put you in a mindset where you put yourself at risk.

I have a tenant breaking a lease 7 months early, claiming there son is a victim of domestic violence. I have no desire to unduly penalize these folks, but obviously this is a huge hassle and it has cost me advertising expenses, time, gas, utilities and a month of vacancy. Utah state code reads:

(4)(b)(i), pays the owner the equivalent of 45 days' rent for the period beginning on the date that the renter provides the notice of termination.

Rent was $1400, deposit is $1500. As I see it, I am well within the law to keep the deposit. Anyone have any experience or thoughts? Thanks!

 @colton goodrich

The $40 is great, but when they bump my auto coverage, which they say is mandatory, the $40 a month becomes $100 a month. I don't want my auto coverage at $500 deductible. Seemed odd that they were making me change from $1000 deductible to a $500 once I have an umbrella policy. Made no sense. Almost ready to get other quotes from other companies, as this company has my home, my autos, and potentially my umbrella. I have teenage sons, so my auto insurance is about to hit critical mass without this upgrade lol

So I don't need to worry about how I "documented" it? Thanks for your input.

I am loving rentler.com so far. Check it out, you can do 3 listings free and it has billing built in, service requests online etc.

Ok creative accounting gurus. If I offer a first months rent discount of half price as an incentive, is there  a way I can document this in order to show that discounted rent as a loss? Or deduct it as a promo?