Landlord Question and Answer Forum
If you have a tenant sign a years lease and pays on time and after four months needs to move out.. Are you required to refund her last months rent and security deposit? Place is left clean but there is a huge hole in alumunin siding which has to be repaired but she claims she has no idea how it happened..
Tressa H, IL on Thursday, April 30, 2015
RE: Tenant breaking lease
If they move out early on a year term they are breaking the lease and can be penalized and held responsible up to the point of a new tenant moving in. If you mutually ended the lease on good terms there should be an agreement in place so that this can be stated upfront. In this case you may definitely keep the security deposit but if they were paid up until they left you would need to return the last months rent.
Posted by
Justin R, IL
on
Saturday, May 2, 2015
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