Landlord Question and Answer Forum
This will be my first time as a landlord...do I need a clause in he lease about fees for breaking the lease? I'm not sure how this works...any ifo would be appreciated!
Thomas M, VA on Monday, April 9, 2012
RE: breaking a lease
No, you don't need a clause in the lease about fees for breaking the lease. However, it is advisable. A good % of renters do break leases.
Posted by
Bob R, CA
on
Monday, April 9, 2012
RE: breaking a lease
Thanks...I would imagine you would keep the security deposit but what about the remaining months? Can I charge them the full rent for the remaining time?
Posted by
Thomas M, VA
on
Tuesday, April 10, 2012
RE: breaking a lease
Consider the following in your lease: (1) tenant will be responsible for the advertising and qualification costs for finding a new tenant. (2) That they owe you ½ month rent as penalty for breaking the lease. (3) They will be responsible for the rent until a new tenant moves in. You have a responsibility to rent the property ASAP. If they complain about the above, they probably plan on breaking the lease agreement.
Posted by
Bob R, CA
on
Tuesday, April 10, 2012
RE: breaking a lease
Thanks Bob, I appreciate the info!
Posted by
Thomas M, VA
on
Thursday, April 12, 2012
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