View Full Version : Tenant wants out of lease early, what can I do?
iruntoo
Nov 17, 2011, 03:58 PM
I have a good tenant who is transferring out of state and wants out of the lease 6 months early (of a 12 month lease) This would leave me trying to lease the apartment in January in Wisconsin. Can anyone provide any advice? Thanks, Tom
ma0641
Nov 17, 2011, 06:24 PM
You tell the tenant that he is liable for the balance of the 6 months but you will give him back any balance if you rent the apartment. What are the chances you will rent it in 1-2 months?
ScottGem
Nov 17, 2011, 06:27 PM
There are no legal grounds to let him out of the lease. Tell him he will be responsible for the balance of the lease until you can find a new tenant.
Many times, when a company transfers an employee, they will buy out the lease as part of a relocation program. So ask for 3 months rent to buy out the lease. That gives you 3 months to find a new tenant.
ballengerb1
Nov 17, 2011, 06:40 PM
Does your lease with him allow him to sublet?
Fr_Chuck
Nov 17, 2011, 07:18 PM
You have to decide from the business side, and from the personal side. Normally if I have had a good renter, who has leased several years, I allow them out but they lose their deposit and costs them one additional month rent.
But it is your option as to what you want to do, I normally try to be nice and work with good renters. I think doing good will return to you.
But legally he has to pay you rent till you find a new renter.