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General Landlording & Rental Properties

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Zach Sikes
Property Manager
  • Residential Real Estate Broker
  • Edmond, OK
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448
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Renters busted lease 6 months early....Do I have any recourse?

Zach Sikes
Property Manager
  • Residential Real Estate Broker
  • Edmond, OK
Posted Aug 26 2013, 11:58

I have a client (landlord) who has a year lease on a property. The tenants just gave notice (6 months in) that they are going "bankrupt" and needing to bust the lease. The rent is $2500 per month. The tenant's were very meticulous with their finances and made plenty of money (verified by their 2012 tax return). We think they just want to move and bust the lease.

Does my client (landlord) have any recourse against them?

  • Real Estate Agent OK (#157234)

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