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Updated over 2 years ago on . Most recent reply

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Chris Matthias
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GREAT TENANT, may want out of lease early

Chris Matthias
Posted

Good afternoon BP

I have a great tenant who has been just about  flawless as my first tenant experience. They signed a 2 year lease. Year 2 starts June 2023. They recently asked about procedures if they were able to break the lease early as they are  trying to buy a house to fit them better. Looking for recommendations on how this process is handled best if it were to get to that point. 

Thanks again.

Kind regards. 

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Theresa Harris
#3 Creative Real Estate Financing Contributor
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Theresa Harris
#3 Creative Real Estate Financing Contributor
Replied

I'd work with them.  They've been there for a year, so it isn't much different than a 1 year lease.  Let them know you need X days' notice and if rentals are hard to fill in your area at a certain time of year, let them know that.  As Alecia said, home buying can be unpredictable.  Talk to them about their timeline because if it will take them 8 months, you may not want a vacancy in the middle of the winter (in some areas it is harder to find tenants then).

  • Theresa Harris
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