My current tenant is moving to a different city and will be moving out of my rental. He still has good 9 months remaining for the lease term to end. I had to scramble and get the house back on market and hire a realtor to get the new prospective tenant. Can I apply this additional cost to the security deposit since technically the tenant has broken the lease agreement? I have a 3 month notification period clause in my lease agreement and the tenants only provided me around 1 month and 5 days of notice. Please advise. I understand that it's not a legal advise but just need to get your general guidance.
Also, be careful with the security deposit and applying it to unpaid rent. Laws differ about what is allowable depending on locale. I would suggest spending the money to hire a lawyer to find out your remedies and how to do it properly especially if you are self managing.
You need to read your local laws about lease break fees.... also, most locales state that you need to mitigate damages if a tenant moves early and there may be a limit to what you can charge. For example if a tenant moves 3 months early I can only charge them 2 months rent and i have to diligently try to release the unit and mitigate those damages. So in general i work hard to get a unit released and everyone is happy
@Account Closed thanks for summing it up. I usually am able to get stuff rented quickly , which is neither here nor there- just trying to get the info out there that the OP may need to mitigate damages and cant just keep the deposit.