Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Chicago Real Estate Forum
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

User Stats

40
Posts
17
Votes
Kevin Huang
  • Chicago, IL
17
Votes |
40
Posts

Tenant wants to terminate lease early

Kevin Huang
  • Chicago, IL
Posted

Just received a text from one of my tenants yesterday stating that they intended to terminate their lease early at the end of the month. These tenants have been a royal pain in my rear end lately, and honestly I would be more than happy to have them leave.  We have agreed on a fee of 1 months rent in exchange for letting them out early - is there any paperwork or documentation that I need to draft up?  Do I need the signatures from all the tenants and include all terms of the agreement?

Just want to make sure I have my ducks in a row so that I can get the unit listed ASAP.

Thank you in advance for your help!

Loading replies...