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

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
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 7 years ago on . Most recent reply

User Stats

649
Posts
52
Votes
Steve S.
  • Dallas, TX
52
Votes |
649
Posts

Tenant breaking lease early - how do you Bring up the fee?

Steve S.
  • Dallas, TX
Posted

They are here on a corporate assignment and leaving 6 - 8 weeks early. They haven’t mentioned anything about paying the fee. I have a way I’d bring this up but want some perspective from those that may have had to do it before. 

Fee per the lease is 1 month’s rent. And likely the company they work for would be paying it but I don’t know that for sure and it likely may come as a surprise to the tenant who signed the 18 month lease a year or so ago. 

Thoughts?

Most Popular Reply

User Stats

22,059
Posts
14,128
Votes
Jon Holdman#3 Real Estate Deal Analysis & Advice Contributor
  • Rental Property Investor
  • Mercer Island, WA
14,128
Votes |
22,059
Posts
Jon Holdman#3 Real Estate Deal Analysis & Advice Contributor
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

When they tell you they want to leave, just say "remember that your lease specifics a fee of $xxx for breaking the lease".  Then, when you send the accounting of their security deposit, deduct that fee.

I assume your lease and this fee is in compliance with TX law and TX law allows this fee to be deducted from the deposit.

Loading replies...