Break Lease Early - Milwaukee
A tenant of mine who moved in July 1st has informed me that they will be moving out March 2nd due to a change of employment resulting in a move to the East Coast. They have been good tenants and are a nice couple so I would like to end this mutually as possible.
They have offered to find a sublease; however I have a no sublease clause in the lease. March 2nd is not exactly an ideal move out date and according to Wisconsin statute the tenants are entitled to pay rent until I find an acceptable tenant to move in.
I am thinking of proposing the following:
Agree to mutually end lease 3/31 and use their security deposit to pay March's rent. I do have a clause that the security deposit won't be used for the last months rent; but then again they also have a year long lease.
Any thoughts or suggestions are appreciated!