Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
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

All Forum Posts by: Howard H.

Howard H. has started 2 posts and replied 5 times.

Post: Need advice on an unusual problem

Howard H.
Posted
  • Posts 5
  • Votes 0

Excellent thank you both. The lease does preclude subleasing. It also specifies the lessee and one family member may live in the house. Any others are guests and may stay a max of 14 days.  

Post: Need advice on an unusual problem

Howard H.
Posted
  • Posts 5
  • Votes 0

This has been great advice. Thank you. It also got my wheels turning on some other approaches that I had not considered. 

Post: Need advice on an unusual problem

Howard H.
Posted
  • Posts 5
  • Votes 0

I have a single family rental house in St Louis. The tenant has been decent and pays the rent. The tenant advised me that she wants to vacate well in advance of the lease term to move in with her Fiancée at his home after their wedding. I attempted to follow up a few times and get a timeline for her wedding and intended move-out but she would not reveal the information. Several months went by. She continued to pay the rent at the first of the month and never talked again about breaking the lease. I learned just a few days ago that she did move out of the house and is married and living with her husband. She has allowed her 21 year old daughter and the daughter's boyfriend to move in and occupy the house. She did this without telling me and in direct violation of the lease agreement. I found out about this because the kids have turned the place into a party house and I got neighbor complaints and the police have been out to the house. I have spoken with the responding officer and have the police call log. On July 4 they destroyed the garage door and never informed me about it. The lease requires that I be immediately notified if damage occurs. I found out from the neighbors. 

The rent for July is paid. I have spoken with the lessee and she has agreed (via written email) to vacate and have all property out by July 31. I have told her there can be no occupancy without her residing there and then only her and 1 other person per the terms of the lease. However, she will not sign and return a lease amendment agreeing to vacate by the 31st and acknowledging that she must occupy the place or nobody can occupy the place. 

There is an abandonment clause in the lease but that seems to be tied to non-payment. Since she is paid up, I am not sure it applies. 

Any suggestions on how to handle this would be appreciated.          

Post: Looking for advice on tenant who wants to break lease

Howard H.
Posted
  • Posts 5
  • Votes 0

Good information. Thanks to all who replied

Post: Looking for advice on tenant who wants to break lease

Howard H.
Posted
  • Posts 5
  • Votes 0

I have a residential tenant who screened very well. Single female with 20+ years same job. 7 years in previous rental home, forced out when the house was sold. She wanted stability and asked for a 5-year lease term. She pays promptly and has presented no adverse issues. Now just shy of 1 year into the lease, she is engaged and wants to break the lease to move in with fiancee into his house. To handle this, I am leaning toward drafting a lease addendum with terms for a cash lease buy-out should she decide to break the lease early. The buy-out would cover all re-lease expenses, 1 month anticipated vacancy, and a fixed fee of some kind. The security deposit would not be allowed to be applied as part of the lease buy-out charge. That deposit or remaining portion would be returned after she vacates. I have no experience with breaking a lease and so am looking for other ideas, approaches or thoughts on my idea for how to handle this. Thank you.