State-Specific Legal Forms Landlords Trust
Contact Us

Landlord Question and Answer Forum

Forum / General Property Management / "Buying Out" Tenants Lease
Does anyone have any suggestions on the best way to go about buying out a tenants lease? I have been a landlord for a little more than a year and it is not for me. I would like to sell the property but am not having any luck selling as a rental property. I have interested buyers that want to move in. But my current tenants have a signed lease through 2010. I have proposed offering $2K to buy out the lease and change from a one year least to a month-to-month. Any comments/suggestions?
Aaron J, NY on Tuesday, January 26, 2010
RE: "Buying Out" Tenants Lease
What was their response to the offer?
Posted by Stan M, CA on Tuesday, January 26, 2010
RE: "Buying Out" Tenants Lease
Just made the offer last night. I actually offered $500 up front to change the lease to a month-to-month, then $1000 once have vacated property. The tenant was a little shocked at the prospects of having to move; which is understandable. She is thinking about it.
Posted by Aaron J, NY on Wednesday, January 27, 2010
RE: "Buying Out" Tenants Lease "Looking for Rental Prop. Buyer" below. Consider allowing her to stay until property is sold. The key here is that she receives the $$$ if she meets ALL the terms of the lease. In her favor, she gets help in moving cost and 2 month to look for a place. Every month that the property is vacant, that's a loss to you. How long can you continue to support that property without income..... 4, 6 or 8 months? Work the numbers with/without tenant. As you mentioned earlier, you only have "interested" parties. How many times have you been interested in something and never purchased it. Keep us posted.
Posted by Stan M, CA on Wednesday, January 27, 2010
Documents related to this forum

Rent Receipt

Property Management Agreement (for Landlords)

Lease Renewal Agreement

Direct Deposit Billing Authorization

Highest Rated Discussions
Author: Jacob W, WI
Updated: 04/12/2016
Rating: Star0Star1Star2Star3Star4
Author: Thomas T, MA
Updated: 01/03/2012
Rating: Star0Star1Star2Star3Star4
Author: John h, NC
Updated: 09/21/2015
Rating: Star0Star1Star2Star3Star4
Author: Terry B, NC
Updated: 08/04/2016
Rating: Star0Star1Star2Star3Star4
Author: Scott W, VA
Updated: 03/30/2014
Rating: Star0Star1Star2Star3Star4

The forum is completely free to anyone! If you wish to post a message, you must log in. If you are not registered already, Join today to create a free account!

Any comments and opinions that are expressed by the users of this forum are solely those of the authors, and have not been reviewed or approved by ezLandlordForms.


Satisfaction Guaranteed
Trusted by Over
300,000 Property
Managers, Realtors,
Attorneys, and Landlords
since 2006!
More Info
The EZ Landlord Forms team gives advice to first-time landlords on Designing Spaces!

Recent Customers Answer "Why ezLandlordForms?"

Great Resources for Landlords
"Awesome, comprehensive service for Lanlords."
-Daisy Davis
Star1 Star2 Star3 Star4 Star5
Easy to use!
"This is for test."
Star1 Star2 Star3 Star4
go digital
"would like to have the ability to email a copy to tenant."
-Gerard Gonzalez
Star1 Star2 Star3 Star4
Fast and easy to use!
"Step by step guide makes sure that you don't forget anything that may pertain to your property."
-Adrian Talamantes
Star1 Star2 Star3 Star4 Star5
easy to use
"never have had a issue making out my lease with the directions great"
Star1 Star2 Star3 Star4 Star5
Fantastic resource!!
" is a lifesaver!! I would recommend it anyone!!"
-Traci Kolheim
Star1 Star2 Star3 Star4 Star5
Contact US - Live Assistance Avialable
Contact Us! Live Assistance Available
Call us with questions or comments
1-877-367-6771 Call us with questions or comments
Fox Business Logo CBS Radio Logo msnbc Logo The Wall Street Journal - WSJ - Logo CNN Money Logo
Carbon Free - Click to verify BBB accreditation and to see a BBB report. website security
ez Landlord Forms products and services are reviewed and approved by attorneys, accountants, fellow landlords, or industry experts.
ez Landlord Forms is not a law firm and our products and services are not a substitute for the advice of an attorney.
Copyright © 2006-2016, ezLandlordForms LLC. All Rights Reserved. | Privacy Policy | Terms & Conditions | ezLandlordForms Affiliate Program