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General Landlording & Rental Properties

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Jeremy Dugal
  • Investor
  • Presque Isle, ME
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25
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Lease Breaking

Jeremy Dugal
  • Investor
  • Presque Isle, ME
Posted May 3 2016, 02:00
Hello. I have some tenants under a 1 year lease who decided to up and leave today essentially breaking the lease. They were four months into their lease at $750/mos. These are college students. I politely sent them a text reminding them that a lease is a legal contract, that I would be trying to find a new tenant asap but that they would be responsible for the rent until I was able to do so. I also stated I would likely pursue legal action if they did not pay. Of course she sent a text back asking who I thought I was threatening and her uncle is a lawyer and all that other good stuff. My question is if it is even worth it financially to pursue the unpaid portion of the lease if I am unable to re-rent for a while or will I likely just be bogged down with legal fees making it all a wash. And why even have a lease if this is the case. Should I just let it go even the I'm burning up inside about her response. Has anyone had this experience and how did it turn out?

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