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Updated over 5 years ago on . Most recent reply

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548
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Dan Weber
  • Realtor
  • Portland, ME
548
Votes |
644
Posts

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

Most Popular Reply

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1,460
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Cassi Justiz
  • Rental Property Investor
  • Edmond, OK
1,596
Votes |
1,460
Posts
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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