Yan Yan
Final steps of early termination before the tenant moves out
Hi BPers,I have a tenant who wants to move out in November for personal reasons while her lease ends in June 2020.
Here are the steps I can think of before she moves out. Can you please check and see whether I miss ...
Lorraine Martin
Can we terminate and not move forward with all parties?
Anyone have answer for this? Here’s the rundown. Management will not accommodate our “term request” for the # of vehicles allowed at the property. Per our management agreement “they can approve leases etc, per terms...
Account Closed
HELP!!! Need to Terminate Lease BEFORE Tenant Moves In... (longish post)
Hi BP-- This is my first post. Well, my first everything actually. I've screened and approved my first tenant on my first investment property (duplex). Here's a brief rundown on the situation:During the lease signing ...
Dan McGrew
Terminating a tenant lease so I can move into a building
I live in Chicago, and I'm closing on a 4 unit property in a couple weeks. We plan to make one of the units in the building our primary residence. The mortgage laws, as I understand them, require us to move into the...
Himanshu Jain
Need Advice on HOA- Tenant moved in & HOA wants lease terminated
We bought a townhome in 2013 in foreclosure. This was our second home, initially we had bought with the intention of using this ourselves when we are in town and other times use it as vacation rental. But then we were...
Raja Shan
Terminate w/o cause. Financial incentive for the tenant to move out?
GM!Have a one year lease with my tenant (which is their first year of tenancy) and want them to vacate as I've decided to sell my property. There is still 5 months to go but I want them to leave in spring (April) so I...
First rental property? Security deposits, credit checks, and home renovations can seem DAUNTING when it’s your first real estate rodeo. How much do you charge, which tenant do you select, and will refreshing the grout...
Kyle Mendez
Early Lease Termination
Hello BP,Details:- Lease expires 1/16/20- Planning to vacate by 10/31/19- Security Deposit: $3,475- Early Termination Fee: $4,000- No subleaseMy fiancee and I will be moving from California to Germany earlier than exp...
Benjamin Sulka
Can a landlord terminate a year lease? (to allow a house hacker to move in)
Hey BP,New investor looking for my first deal. I found a really solid duplex opportunity to house hack but the property has existing leases through December of 2024.I am looking to buy and move into a property in the ...
Steve S.
Early Termination of Lease - What does your lease charge?
In general, what is standard operating procedure for terminating a lease early?I've seen it where 60 days notice is required, tenant pays full amount for the month they terminate in and forfeits their deposit. HERE's ...