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Updated almost 7 years ago on . Most recent reply

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Jake Babu
  • Investor
  • West Lafayette, IN
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Tenant wants to break lease and I want to sell

Jake Babu
  • Investor
  • West Lafayette, IN
Posted

I let my tenant know that I would not be renewing our 1 year lease in March of 2019 because I wanted to sell the apartment. He asked if he could break the lease as he wanted to by another property (which he hasn't identified). I could see this working for both of us or having a empty apartment. I was thinking I could ask for 1 more month or rent after he moves out, hopefully giving me 3-4 months to sell the apartment. What is a fair response to this?

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John Underwood
#5 All Forums Contributor
  • Investor
  • Greer, SC
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John Underwood
#5 All Forums Contributor
  • Investor
  • Greer, SC
Replied

You wanted to sell the tenant is willing to vacate so that you can show and sell. The tenant has an uncertain future in your property and understandably wants to move.

  • John Underwood
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