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General Landlording & Rental Properties

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Nick Brubaker
  • Decatur, GA
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Early Termination and Abandonment Fees

Nick Brubaker
  • Decatur, GA
Posted May 4 2016, 08:00

Hi all,

Quick question:  Are early termination fees and abandonment fees legit?  

Early termination fees seem more common, but I read someone post that the rules would need to work both ways - so if I had a 2-months-rent early termination fee for tenants, would that mean I would need to pay them 2-months rent if I decided to terminate the lease early for whatever reason?

Does anyone here have a good early termination clause?

Also, I am looking at a lease that charges 2-months rent for abandonment of the premises.  Is this legal, common, feasible?

Thanks!

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