 breaking the lease (by Turbo [IL]) May 6, 2015 1:50 PM
 breaking the lease (by turbo [IL]) May 6, 2015 2:14 PM
breaking the lease (by Vee [OH]) May 6, 2015 3:10 PM
breaking the lease (by CTLL [CT]) May 6, 2015 4:23 PM
breaking the lease (by DIXIE [KS]) May 6, 2015 4:54 PM
breaking the lease (by john [NY]) May 6, 2015 9:22 PM
breaking the lease (by CTLL [CT]) May 7, 2015 11:33 AM
breaking the lease (by turbo [IL]) May 7, 2015 12:37 PM
breaking the lease (by Turbo [IL]) Posted on: May 6, 2015 1:50 PM
Message:
State Specific Question About: ILLINOIS (IL)
All of a sudden we are having renters coming to us asking to leave their lease early. What are your rules when a tenant wants to break his lease and leave early. ? --98.212.xxx.xxx |
breaking the lease (by turbo [IL]) Posted on: May 6, 2015 2:14 PM
Message:
Can we also charge out of the deposit for repainting. --98.212.xxx.xxx |
breaking the lease (by Vee [OH]) Posted on: May 6, 2015 3:10 PM
Message:
You should be charging for any and all damages, will your court allow an early termination fee or early out settlement - this basically is a fee to avoid the ongoing collection of rent when the unit is advertised and ready to fill. Be sure to follow your local/state tenant laws on the timeline to return the accounting statement - which should be a check if they clean up and have paid up. --75.94.xxx.xxx |
breaking the lease (by CTLL [CT]) Posted on: May 6, 2015 4:23 PM
Message:
As per your lease, you and the tenant have signed a legal document so your tenant must abide by that document.
What does your lease say? Many on here have an early termination fee. I don't. My tenants are committed to stay or pay for the entire year's lease. Ct. law allows the tenant to be liable for the full rent payments but the landlord must make every effort to re-rent the premises to fill the unexpired term.
My CT lease reads as follows:
2. RENT: You will pay us total rent of $6000.00 in monthly payments of $500.00 on the FIRST (1ST) day of each and every month. You will pay the rent to us at our address written at the beginning of this lease.....
I have since revised my lease to leave out the total ($6000)dollar amount and just leave it as 'total rent in monthly payments' - for psychological reasons.
--68.9.xxx.xx |
breaking the lease (by DIXIE [KS]) Posted on: May 6, 2015 4:54 PM
Message:
I don't have an early termination fee in my lease. What I do is tell them that I will let them out of their lease IF [and only IF] I get the house rerented. Otherwise, they are responsible for full rent UNTIL it is rerented.
I then offer them the opportunity to get it rented quickly. They show the house, not me. I only send them people that I have prescreened on the phone. I give them the phone number for them to call & do the scheduling. They just hand them a copy of the application & tell them to get back with me.
Then the other requirement is that they have to tell me exactly WHEN they will be out so the new tenant can move in AND leave the house in great shape.
This plan has worked great for me. No problems. --67.143.xx.x |
breaking the lease (by john [NY]) Posted on: May 6, 2015 9:22 PM
Message:
I have an early termination fee of 3 months rent, but I can never enforce it since the tenant doesn't provide a forwarding address, and sometimes doesn't pay the last month. --74.106.xx.x |
breaking the lease (by CTLL [CT]) Posted on: May 7, 2015 11:33 AM
Message:
John NY. If you can get first month and two month's security deposit, you will find that tenants want all their sec. returned when they move out. That is your ace in the hole.
Most landlords here get 1st, last, plus sec. That is 3 payments. My way is still 3 payments and best way to have tenants leave premises as when first rented - clean and undamaged. And even if they break the lease and skip out, you have 2 rent payments to keep. --68.9.xxx.xx |
breaking the lease (by turbo [IL]) Posted on: May 7, 2015 12:37 PM
Message:
Thank you for all the good information. It is appreciated. --98.212.xxx.xxx |
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