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Matt Smith
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Tenants want to break lease with 2 months left

Matt Smith
Posted

My first furnished finder guests want to break their lease 2 months before it ends. They have been good guests and have already paid me in advance. They originally booked for 3 months, and we agreed to a signed 3 month lease agreement. They advised they were given a great opportunity that they could not pass up in Las Vegas and want to be out by September 1st. They did say they did not expect to get the full 2 months back in return, but I'm willing to work with them. Would like to know if anyone else has been in this situation and how they handled it. Thanks 

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Bill B.#3 1031 Exchanges Contributor
  • Investor
  • Las Vegas, NV
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Bill B.#3 1031 Exchanges Contributor
  • Investor
  • Las Vegas, NV
Replied

Explain you probably won’t get a tenant for next month but you’re willing to take a chance on October. Give them one month back assuming the place is in good condition at move out. 

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