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Updated over 8 years ago on . Most recent reply

Tenant wants out of Lease
The tenant at one of my properties is asking to get out of the lease 1 month early because they are closing on a new house. The lease expires 5/31, so I do have some time.
Should I honor the request, or stand my ground? I'll have the turnover regardless, so I'm not sure if there's a lot of benefit to holding firm. It just gives me less time to market. Is there some concession I should ask of the tenant if I do allow it?
Most Popular Reply
If I was in your position I would tell the tenant I will allow them to get out of the least 1 month early if you can fill the apt by that date. If you can't get another tenant in the apt the day after their lease ends the business is business regrettably. They are under a contract.