Skip to content
×
PRO Members Get
Full Access
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime.
Level up your investing with Pro
Explore exclusive tools and resources to start, grow, or optimize your portfolio.
10+ investment analysis calculators
$1,000+/yr savings on landlord software
Lawyer-reviewed lease forms (annual only)
Unlimited access to the Forums

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 11 years ago on . Most recent reply

User Stats

1,077
Posts
461
Votes
Kelly N.
  • Investor
  • SE, MI
461
Votes |
1,077
Posts

Breaking Lease Early-- trouble with neighbors

Kelly N.
  • Investor
  • SE, MI
Posted

Hi all,

I tenants that would like to break their lease but no clause in the lease covering the situation.  They have been in place for a little over a year and signed a second lease through April 30 so we have 8 months to go.  They (I'll call them tenant A) have been great tenants but have been having trouble with the new neighbors (tenant B)  for the last 2 months.

We addressed the situation with tenant B and basically told them to all get along or get out, made a schedule for use of the limited parking available which seemed to be the cause of the initial friction in the house.  The situation has improved, however tenant A still feels uncomfortable with tenant B and feel that they are being passive-aggressive towards them.  What exactly that behavior is I haven't clarified yet, but I am guessing things like stomping around upstairs etc.

Tenant A wants to know what their options are for breaking the lease, mainly how much notice would we need, and they have not found a new place yet- this is a college town and classes start next week so finding a place will be difficult.  Finding a new tenant shouldn't be, and possibly we'd get a longer term renter out of the deal since the timing would likely mean a non-student renter. 

The way I see it we can:

A.  Let them out as if it were the end of the lease with 30 days notice, use the vacancy (if there is any) to improve the unit.

B.  Let them out but hold them responsible for the (prorated) rent during the vacancy 

C.  Let them find a subletter, who will need to pass our background checks, leaving them still responsible for rent if the subletter flakes

D.  Let them find their own replacement, who will need to pass our background checks and sign a lease with us.

I will be putting a clause in my lease to cover this situation, what do you suggest is a reasonable early termination fee?  

Thanks,

Kelly

Loading replies...