Rockford, IL · Member since 2015 · 343 posts · 95 votes
Tenant calls me today, Tells me he just lost his job. We just signed a year lease last month. They planned on moving out of state next year. Well things came sooner then later. He said his wife's last day of work is the 30th.
If this is the case, I'd would like them out of the house that day. Am I unreasonable? I am allowing them to break lease but would like to get back on market while it's still nice out. Even do walk through while they are still around. If I can get someone in First of month that would be great.
How would you work deposit refund ? Same just like any other one moving out. Deduct necessary fees if things are not clean and undamaged.
Would you do anything else since there wasn't a 30day notice.
Rental Property Investor · Bronx, NY · Member since 2015 · 269 posts · 165 votes
10y
it sounds like you have the right idea: letting them out of the lease with no penalties. As far as the security deposit goes, if they leave the place in good shape and they didn't break anything, I would return the full deposit to them. This would give them more of an incentive to vacate without any issues, I would think.
I am not as experienced as others but it seems like the logical and kind thing to do since they came to you honestly about their situation.
Another thing to consider is what they plan to do. Have they mentioned getting help in going elsewhere or have they tried to bargain with you into staying through some sort of deal? Or have they promised they would come up with the money anyway? If they have mentioned that they are willing to move then all the better that you go forward with letting them out of their lease.
Investor · Buffalo, NY · Member since 2016 · 668 posts · 209 votes
10y
No doubt they want to get out of town ASAP and start over somewhere else. They need time to find another place to live plus stay on the job to collect that last paycheck plus file for unemployment benefits before they head on down the road. Kudos to you for breaking the lease without penalty. Dangle the full security deposit and encourage them gently. They get where you're coming from but this has got to be a major disappointment for both of them. Good luck.
Investor · Narragansett, RI · Member since 2013 · 8k+ posts · 4k+ votes
10y
The thing to do is let them know now the conditions of letting they out of the lease including showing easily and getting another renter by the first. This will put the pressure on them to accomadate you. Is there anyone you still have from when you advertised previously that might still be looking and qualified? I would go back to those people first.