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    iruntoo's Avatar
    iruntoo Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Nov 17, 2011, 03:58 PM
    Tenant wants out of lease early, what can I do?
    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's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
    Uber Member
    		  
    #2

    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's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #3

    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's Avatar
    ballengerb1 Posts: 27,378, Reputation: 2280
    Home Repair & Remodeling Expert
    		  
    #4

    Nov 17, 2011, 06:40 PM
    Does your lease with him allow him to sublet?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
    		  
    #5

    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.
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