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Updated over 10 years ago on . Most recent reply

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Rich C.
  • Rental Property Investor
  • SC
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45
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Tenant breaks lease after 1 month (but I paid a broker fee)

Rich C.
  • Rental Property Investor
  • SC
Posted

My tenant wants to break her lease after 1 month to move elsewhere.  I paid the broker 1 month rent to find and process the tenant.  The lease has no early termination clause and the broker agreement does not discuss the scenario if a tenant breaks lease.  Has anyone been faced with this situation before?  Any suggestions on how to approach the broker with regard to the compensation paid?  I was planning to have them find another tenant without paying again.

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
64,478
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

@Rich C. 

  most PM's will replace the tenant for free if they leave in the first year.

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JLH Capital Partners

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