Early Termination Fee

[Dan Weber]

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!

[Cassi Justiz]

YES! We do an early termination fee equal to two month's rent. A lot of people just do a one month's rent, but our properties are a little higher price points and can take a little longer to re-lease than lower end rentals.