I have tenants terminating their leases early due to COVID-19 and inability to pay. I have early termination fees in place, however I am not sure if I should enforce them right now. I am curious what other landlords...
Hello Biggerpockets community,
I have been renting from my apartment since 09/01/2019 and signed a new lease starting 09/01/2020 to 09/01/2021 on 12/20/2019. Due to Covid-19 my two roommates lost their jobs and I wan...
I have a tenant who still have over a year left on their lease. They want to terminate their lease early. I would like your input from your experienced on how you dealt with the situation? Thank you
hi everyone,
I have another question today and need your advice.
I have a tenant that he told me two days ago that he needs to terminate his lease early. He has to move back to CA because of job change, and he wil...
Hi Everyone, I currently am in a pickle, I had a tenant pass a background check and sign a lease. Then 10 minutes after the lease electronically signed and finalized through Avail the tenant contacts me and says they...
Hi,I am looking for your inputs. I have this lease that expires 2/28/2022. The tenants are late since the beginning and currently still owe me more than half of January rent. They broke up and I have chased rent from ...
Hi All,I have a tenant that just moved in, March 1st. We signed a 2-year agreement, early buy out clause of 30 days notice, 1 months rent.He is giving me a hell of a hard time now, he is breaking the lease for a bett...
Just thought I'd share an arrangement I came up with that my great tenants agreed to in exchange for letting them out of their leas a month early:Background - They are great tenants. 6 years. First she rented from me,...
Hello! How is everyone treating early lease termination options? 1. We currently have a “buy-out” option which is equivalent to 2 months rent. Once the tenant relinquishes the keys (all the move-out requirements ar...
Does anyone charge an early termination fee when a tenant wants to break the lease early? If so, did you write it into the lease?
Thanks in advance!