Matthew Russell
Buyer terminating contract days before closing
Hi - I have a single family home under contract (as the seller) in North Carolina (it is a cash buyer so no financing contingencies). We have been under contract for a few weeks and have completed inspection negotiati...
Scott Toledo
KY Law on Early Termination Fees
Hi Everyone,My finance and I are new to the forums and have a buy and hold investment duplex in Covington, KY. We just received a 60-day notice that our tenant (an Airbnb host) is going to terminate her lease early. ...
Nate Andazola
Termination and Authorization to disperse funds
Is there a specific form that should be used for termination and authorization to disperse funds (earnest money) or is just a typed up word document signed sufficient?
William R.
Burglary/Early termination of lease question
I have a tenant who was burglarized last night. He called me at 2am instead of the police. He notified me this morning that he is moving out and "will pay rent for March, but then he is done". He has still not fi...
Joey English
Contract terminations and the GAR PSA
Contract terminations Pete Fortunato has a wonderful way of defining contracts. He says a contract is a memorial of the meeting of the minds.Isn’t that poetic?For us real estate investors, our paper work tells the sto...
Curtis Mears
Does Anyone Use Early Termination Fee
In North Carolina, landlords are required by law to find a new tenant if an existing tenant decides they wish to break the lease for any reason. The existing tenant is only required to pay rent for the time before a n...
Kevin Huang
Termination Penalty Invoice for Relocation Assistance?
My tenant is breaking lease, because he found a job in another state.His new employer will pay for the 3-month penalty as part of the relocation assistance, but requires some sort of invoice to show the total amount d...
Irfan Saeed
Contract termination and inspection report disclosure
Hello BP members - I would appreciate if you guys could help me on this.I am a new investor and this is my third rehabbed house. I have not encountered this situation before. The buyer backed out on my rehabbed proper...
Jacob Beg
Deficient notice to terminate lease question?
Hi All,
Our tenant's lease requires a 60 days notice, she only gave 30 days notice, and we immediately started advertising the property and were able to secure a tenant fairly quickly where her lease ends on June 30,...
Andrey V.
Terminating lease before tenant moves in
Hello. I am looking for a legal advice. I own a multi unit property (North side of Chicago). My new tenant is scheduled to move in on November 1st. They have a signed lease from me which, unfortunately, I emailed th...