Tenant Going Through Divorce

[Rick Lucette]

Hi fellow investors, 

I'm running into a situation, certainly not that uncommon but I would like to make sure I've thought about it correctly. We have a place that was rented to 2 tenants a little bit over a year ago - they're now in a month to month contract. Year has been great, no issues from tenants whatsoever. Over the year, they got married, and had baby. Now, the tenant I've been talking to the most (the mom), called to let me know that they were going through some tough time and would most likely been divorcing. She was initially the only one with income as the spouse was a student. 

Question: She asked me if we could terminate the existing lease so that other spouse can be released from it (spouse got their own place) and do a new month-to-month lease. I do not see any problem with this other than doing the paperwork. Keeps the tenant happy, gives her a chance to find a new place or decide on what to do and doesn't cost me anything. Am I missing something? Only thing I'm thinking of doing is including a 60-day notice for when she leaves (although I'm not sure whether it is legal). 

I'd love to hear if you'd have any concerns over something like this. 

Thank you! 

[Steve R.]

@Rick Lucette Have the one that's leaving sign the release form and sign a new lease with the spouse that is staying.  This is the one I use.