Eviction vs. Lease break/Cash for Keys in St. Louis
Hello,
A colleague of mine owns a rental condo in St. Louis. His tenant has not paid November rent. His property management company is advising against eviction proceeding because it would take 10 years to collect repayment and they would have to leave the unit vacant for the remainder of the lease. The lease was signed in July 2017 and was for a year in length. The tenant currently has a verbal agreement to leave by December 1st.
I have never heard of the provision that landlord must keep the unit vacant if the lease is "broken" through eviction. Is this common? Any recommendations on the cash for keys/lease break agreement? The tenant paid two months rent in advance so he is technically paid through the end of December.