Reasons Tenants Want to End Their Lease Early
Finding quality tenants can be tough, so it can be hard when one of them wants to leave, especially if they want to break the lease. Life happens and sometimes people are forced to break their leases. Sure, the tenant signed a legal document to occupy your rental space for a certain time period and this lease is supposed to protect you, the landlord, but there are laws that can also protect the tenant, as well.
There are many reasons why a tenant wants to break their lease early, whether personal or professional. As a landlord, you may able to work with the tenant to find a solution or release them with no consequences.
Here are reasons tenants choose to end their lease early:
- Military Deployment – Your tenant may be called in for duty and the Servicemembers Civial Relief Act allows those in the National Guard, National Oceanic and Atmospheric Administration and the U.S. Public Health Service the right to break their lease. This tenant must give the landlord at least a 30-day notice.
- Job Loss – If your tenant was laid off or fired, it can be nearly impossible for your tenant to keep up with his/her rent payments until a new job is found. It’s in your best interest to easily let them out of the lease and either find a new tenant who can afford the space or find a solution with the current tenant.
- Job Transfer – If your tenant’s job transfers them, it is out of his/her control and they won’t be able to stay. Many state laws allow tenants to break their lease because of job transfer, so it would be in your best interest to let tenants with this issue go without a fight.
- Divorce – Divorce is expensive and your tenants may not be able to afford your rent currently. Things will go more smoothly if you let the tenants go during this difficult time for them – using compassion in these situations goes a long way.
- Illness/Death – Whether your tenant or his/her family member is extremely ill or a death in his/her family has occured, the tenant might have to travel away for an extended period of time or has a lot of medical bills to deal with and he/she might not be able to make rent payments. Just like the divorce situation, using compassion for those sick or going through a close death will make things easier for both you and the tenant.
- Domestic Violence – Unfortunately, some tenants find themselves in unsafe situations, whether they are being stalked or someone is sexually or physically abusing them. Every state has a different laws when it comes to domestic violence and breaking a lease, but if your tenant is living in fear or being harm, this may be a situation where you want to help your tenant get out of a bad situation.
- Problems with the Landlord/Building – If the tenant’s unit is uninhabitable due to (no heat, no electricity, plumbing issues, leaks, pests, etc.), he/she is legally able to break the lease without coverage financial damages to the landlord, since the landlord didn’t give them a safe place to live. Also if a landlord violates a tenant’s right to privacy, he/she can break the lease.
- Other Reasons – If your tenant found a “better” place to move or plans to move in with a spouse, you, as the landlord, do not have to release the tenant early.
If your tenant sends you a formal lease termination notice, it’s time for you to start your search for a new tenant. Although frustrating and stressful, it’s better to find a tenant who is able to pay rent and is happy to be in your building. You can also ask the tenant to help you find a new tenant.
Looking for a Jacksonville Property Management Company?
As a Jacksonville property management company, our team at Quest Real Estate, LLC. have worked with many landlords throughout the years, helping them in whatever ways they need us. As your property management company, we will take charge with tenants who want to terminate a lease early.
At Quest Real Estate, we take pride in our quality property management services. We have a long history of providing residential property management company services to our customers. We are knowledgeable in local sales and rental markets, and we are ready to put that knowledge to work for you. Our main goals are to make you the most successful owner possible, and to provide you peace of mind knowing that your tenants and property will be well managed.
Don’t just take our word for it, read some testimonials about us and our property management services.
At Quest Real Estate, LLC, we have years of experience working with tenants and we can help you find ways to keep and attract new tenants so you can continue to grow your investment for years to come.
Our Jacksonville property management team prepares leases, has 24-hour emergency maintenance, collects rent, takes photos, aggressively markets your property, and more. We will work with you to find ways to better serve your tenants, attract new ones, and manage your property.
If you’re looking for a Jacksonville property management company to manage your property or find you tenants, let Quest Real Estate help you!
Contact our team at Quest Real Estate, LLC, by submitting our contact form. If you’d like more information on Jacksonville, or information on homes for sale or rent here in Jacksonville, Fl, call us at 904-373-9171.