Sometimes unforeseen changes occur in peoples' lives that necessitate a sudden and even unwanted move. Job change or loss, family circumstances, and a bevy of other situations may mean a sudden move for one of your tenants. As a landlord, there may be several reasons to allow your tenant to break their lease:
- The unit has been rented for less than market value, and you could rent it for more than it's current rate
- You would like to do upgrades, work or repairs to the unit
- The tenant offers or agrees to pay an early termination fee
- You would rather avoid a dispute with your tenant
- You want to avoid the hassle and court costs involved with an eviction or collection proceeding
Successful landlords know it is often best to work with a tenant that wishes to terminate a lease agreement early. Once a tenant has decided to move out, your main goal is twofold; to make sure the renter moves out without damaging the unit and properly terminates the rental agreement so you can turn the unit around and rent it again. An agreement for early termination is usually in everyone's best interest.
A professional property management company, such as Golden Estate Management, can handle these and all rental issues for you. For a full description of our services, please visit www.GoldenEstateMangement.com. We serve the greater Los Angeles, Fort Worth, and Oklahoma City areas.
Comments(7)