More people than ever before a renting instead of buying homes, but in a changing economy, some renters may need to break their leases early.
A tenant may want to break their lease early for a variety of reasons including deployment, moving to another city, or a recent job loss.
In this article, we will provide you with a list of things that tenants should do when they want to break their leases early.
The most important thing that every tenant should do before breaking their lease is to check their lease to verify the landlords process for breaking their lease and to verify if they will be expected to pay early termination fees.
Depending on the landlord, they may also have a clause in the lease which enables tenants to avoid paying late fees if they have to break their leases due to military duty, emergencies, sudden job losses, or relocation due to a tenant’s job.
Tenants are also allowed to break leases if they are a victim of sexual assault, domestic violence, or stalking so it’s important for a tenant to be clear on the exact reason why they need to break their lease.
Tenants shouldn’t wait two weeks before telling the landlord that they want to move out because, this doesn’t give the landlord enough time to screen new tenants.
As soon as a tenant knows that they are going to move, they should contact their landlord, even as early as 1-2 months in advance, since this will give the landlord time to find new tenants.
After contacting the landlord, the next best thing that a tenant can do is move out of the property quickly because this gives the landlord time to get the property ready for the next tenant.
Ideally, tenants should leave the rental property in the same condition that it was in when they first started renting because this will make the process as easy as possible for the landlord to rent the property to their next tenant.
Contact GoldenWest Management
Landlords, are you tired of managing your rental properties yourself?
At GoldenWest Management, we specialize in full-service property management for single-family and multifamily investment properties.
To learn more about the services that we can offer you, contact us today by calling 866-545-5303 or CLICK HERE to connect with us online.
