What to Do if A Tenant Wants to Break the Lease
Most residential or commercial properties have six-month to two-year leases. As a landlord, your investment (your property) depends on the occupancy. When a tenant signs a lease, you, as the landlord, feel locked in with a dollar amount that you will receive for the next X number of months. However, life happens, and tenants will approach you asking or telling you they are breaking the lease before the term ends, which can cost you money. If this occurs, what do you do? It might be easy to just deny the tenant’s request for the break in lease, but the situation may be more complicated than that.
You don’t want to pay for an empty space, but you also don’t want to deal with an unhappy tenant who isn’t allowed to get out of their lease early. If you get on bad terms with this tenant, he/she/they could write bad reviews about your or spread the word of not to use you because you failed to work with them and their unique situation – so this is something critical to consider when deciding what to do when a tenant asks to break the lease.
There are some common reasons that you should or would want to let a tenant out of their lease, such as:
- Military service – Your tenant may be called to active duty, and it’s in your best interest for you to not force them to say. You don’t want the reputation of holding back military personnel from going to their jobs. There are also possible legal implications if you do not allow the tenant to leave.
- Job transfer – If someone’s job is requiring them to move far away from your property, it won’t be easy to get them to stay. Some companies may actually help cover costs to the landlord knowing the person likely is breaking the lease for a new job.
- Unfortunate life circumstances – A lost job, the death of a loved, a major injury or illness can completely shake up a person’s life and leave them no choice but to ask to break the lease. Due to this tenant’s challenges, it would seem heartless to keep them in the lease, which they likely can no longer afford. It would not be good for your reputation to force people with hardships and challenges to stay in their agreements.
- Bad tenants – if a “bad” or “troublemaker” tenant asks to break the lease, this may be a blessing in disguise for you and an opportunity to find a better-quality tenant.
As a landlord, you have certain rights and your tenant does, as well. You want the rights to work to your benefit, but you also need to know where and when to draw the line. Compromises may need to occur. At the end of the day, make the decision that is best for your reputation as a landlord and for your bottom line, even if it’s letting someone out of his/her lease early.
Work with a Jacksonville Property Management Company
If you are not sure whether to let a tenant break his/her lease, it may benefit you to hire a property management company to make this type of decision for you. At Quest Real Estate, LLC we have years of experience working with tenants and their unique situations and what is right and necessary to do when it comes to breaking a lease – each situation is different.
Our property management experts are will communicate with tenants throughout the lifetime of their lease . Our Jacksonville property management team develops a close relationship with tenants.
With our aggressive marketing, advertising, property showings and background checks, we will find you great tenants. As a property management company, we prepare leases, have 24-hour emergency maintenance, collect rent, and more.
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.