Lease Agreement Termination By Tenant

Since you can continue to charge rent to your tenant until you find a replacement, it may be more attractive for tenants to pay a non-refundable fee in order to end the relationship and evacuate it. As has already been said, this fee is usually a rent of two months. If the tenant still has more than two months on the lease, it could appear as an agreement. And if you find someone in less than two months, you won`t have to reimburse the tenant a proportionate amount for the overlap period. However, if you are looking for a new tenant for more than two months, you cannot go back to the original tenant and ask them to cough more. People often need a lease termination when circumstances change for the tenant or landlord. Even if your tenant has decided to end the lease during a low season or at a time that is unfavorable to your schedule, you will need to strive to rent the unit again. You may have to follow the same procedures that you would normally go through at the beginning of the season, for example. B the marketing of the rent, the display of the unit for potential tenants, etc. However, you don`t need to rent to the first person who shows interest. You still need to complete your screening process to ensure that the candidate meets all of your criteria. While you are searching, your tenant is still responsible for paying the rent. And in some states, you can make the original tenant responsible for the entire rent until the end of the period.

However, once you have filled the unit, your previous tenant is out of the woods. Collecting double rents for the same unit is outright illegal.