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General Landlording & Rental Properties
Account Closed
  • Professional
  • Noblesville, IN
66
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Changing Lease term mid lease at Landlords decision

Account Closed
  • Professional
  • Noblesville, IN
Posted Dec 16 2014, 11:31

I have a unique situation that drives a need to reduce the term of the lease.  Tenant has not been paying on a timely basis and other significant factors (without elaborating..)  that drive the need to do a workout plan and get a different tenant.  An eviction proceeding was initiated to get their attention, but I don't like doing them if at all avoidable.

State is  Indiana in this case, so it is likely state specific....BUT has anyone done what I would describe as a "contract ammendment" with a tenant to adjust / reduce the term of the original lease?  I'm sure I can have my attorney do it, but if it is a common or acceptable trade practice to do a simple term change assuming both parties agree to the change.  I would prefer to do so myself.  If you have any direct experience with it or advice it is appreciated.  Thanks in advance!

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