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
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 10 years ago on . Most recent reply

User Stats

946
Posts
153
Votes
Mark Forest
  • Real Estate Investor
  • Fenton, MI
153
Votes |
946
Posts

Would you allow an early release from lease?

Mark Forest
  • Real Estate Investor
  • Fenton, MI
Posted

A tenant has requested an early release from his lease with seven months left. They want to buy a house. I am finding it very difficult to rent two other houses now in the winter, so this will just be one more if we let them out in February or March. What would you all do?

Most Popular Reply

User Stats

2,195
Posts
1,027
Votes
Aly W.
  • Investor
  • Middletown, NJ
1,027
Votes |
2,195
Posts
Aly W.
  • Investor
  • Middletown, NJ
Replied

I did this for tenants that wanted to buy a house, shortly after renewing the lease with us. They were excellent tenants and they asked first. They agreed to do all the showings and stay until literally the day before the new tenant moved in. They kept the unit spotless. It worked out very well.

We're currently working with another tenant who wants to move out of state 4 months before the lease ends. We agreed on the same terms - cooperate with showings, keep the place presentable, and stay or pay until the day before a new tenant moves in. Tenants with good intentions will be happy to work with you if you work with them.

  • Aly W.
  • Loading replies...