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Updated almost 5 years ago on . Most recent reply

Dan Weber's profile image
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Dan Weber
  • Realtor
  • from Portland, ME
  • Member since Sep 9, 2015
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Dan Weber
  • Realtor
  • from Portland, ME
  • Member since Sep 9, 2015
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Dan Weber
  • Realtor
  • Portland, ME
547
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636
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General Real Estate Investing

Early Termination Fee

Dan Weber
  • Realtor
  • Portland, ME
Posted

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!

  • Dan Weber
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Cassi Justiz
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  • from Edmond, OK
  • Member since Oct 4, 2017
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Cassi Justiz
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  • from Edmond, OK
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Cassi Justiz
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Cassi Justiz
  • Rental Property Investor
  • Edmond, OK
Replied

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.  

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