Best lease breaking strategies
Hey everyone, I have a tenant looking to break a lease agreement going into a tough rental season. The rent is $4200/month, and the lease has them on the hook for a 50% lease break fee & paying until I find a replacement. In the past, I've offered early lease terminations, which require 60-day notice + 1.5 months of rent. So, in my case, it would be 6500 in rent and plenty of notice. The only issue is more time goes closer to X-mas, which makes it progressively harder to find tenants for a 3/2 premium rental. Are there any best practices or ideas you would recommend based on your experience? Looking forward to your feedback.