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Updated over 6 years ago on . Most recent reply

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Hen Ley
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109
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Are renters tied to their lease term?

Hen Ley
Posted

I was told that if a tenant has a life changing event (change jobs, move, etc.) during the course of their lease, it is the landlord's job to begin looking for a new tenant.  The original tenant is still held to the original lease term until the landlord finds a suitable new tenant, but the landlord is obligated to begin looking and the original tenant may be let out of their lease when the new tenant is found.  Is this accurate?

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Brandon Roof
  • Rental Property Investor
230
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Brandon Roof
  • Rental Property Investor
Replied

@Hen Ley

In most cases, that is very much accurate. They are obligated to pay for the duration of the lease while you are obligated to actively market and search for a new tenant. Once a new tenant is secured, the previous tenant is freed from their obligation. There are a few potential caveats, like if the tenant is called for active duty in the military, where they may not be held to the same obligations, but for the most part it is true.

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