Landlord Question and Answer Forum
Our tenants informed us that they intend to break our lease agreement 4 months into a 12 month contract because they "decided to buy a house." Unfortunately, it's a bad time of year to rent out houses, as people traditionally seek a new home at the end of the summer in this area. Because of this, we believe we will have a hard time finding replacement renters, and it will likely take months. I have listed the property but am getting *very* few interested parties.
It seems to us that the tenants are responsible for the rent through the entire term if we are trying but are unable to find new renters. Is this correct, and what do we have to do to preserve our rights and to collect this? They are moving out March 1, so on that date when they are gone & haven't paid rent, do we have to issue a 5-day notice to quit or pay? It will be a major hardship for us to pay the additional $2k/month for that property for potentially months until we find new renters.
Sandra W, AZ on Friday, January 15, 2010
RE: Tenant breaking lease
You might have to check with a lawyer, it might be in your best interest , A lease is binding for the full term, I believe they will owe you the money until you lease it again , Now , wether you get your money might be a different story. If they leave you will have to have papers served , what is the tenant laws in Arizona , Ask a lawyer for a free consultation. , how is someone going to pay for a new home and your rent ?
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