Breaking the Lease Provision

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Corby GoadeBusiness Member
Investor · Boise, ID · Member since 2014 · 3k+ posts · 3k+ votes
3y

The best advice I can give you is to get a lease from your real estate attorney. It will be one of the best investments in your business you can make. 

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  • Corby GoadeBusiness Member
    Investor · Boise, ID · Member since 2014 · 3k+ posts · 3k+ votes
    3y

    The best advice I can give you is to get a lease from your real estate attorney. It will be one of the best investments in your business you can make. 

    1Reply
  • Nathan GesnerBusiness Member
    Moderator
    Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
    3y
    Quote from @Juan Ayala:

    What is the provision I should place in the lease for a tenant who breaks the lease?


    There should be a process/penalty for terminating early. I require Tenants to give 30 days notice, pay a one-month early termination penalty at the time of giving notice, and they have to let me advertise/show the rental during their final 30 days.

    The DIY Landlord Book4.7247 Reviews
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  • Juan Ayala
    OP
    Investor · Battle Creek · Member since 2021 · 43 posts · 9 votes
    3y
    Quote from @Nathan Gesner:
    Quote from @Juan Ayala:

    What is the provision I should place in the lease for a tenant who breaks the lease?


    There should be a process/penalty for terminating early. I require Tenants to give 30 days notice, pay a one-month early termination penalty at the time of giving notice, and they have to let me advertise/show the rental during their final 30 days.


    Please give the wording to place this provision into the lease.

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  • Nathan GesnerBusiness Member
    Moderator
    Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
    3y
    Quote from @Juan Ayala:

    I don't know your state law or your lease. Try this guide: 

    https://www.doorloop.com/laws/...

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  • Juan Ayala
    OP
    Investor · Battle Creek · Member since 2021 · 43 posts · 9 votes
    3y

    Thank you this article was great and point me in the right direction for “Early Termination Clause.”

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