Letting Go
Posted on March 18, 2008 - Filed Under Housing |
A few years back, I had a problem with the Perfect Tenant. She wanted to break her lease 4 months early.
Prior to that, a ‘For Sale’ sign had been placed in the front yard. Her reasoning for breaking the lease was predicated on the ‘For Sale’ sign in the front yard. Even though her lease clearly stated that a ‘For Sale’ sign did not constitute a breach of contract, she felt she earned the right to get out.
What ensued was a few days of pure chaos. Lawyers got involved, multiple negotiations occurred. It did make for some great blog entries.
In the end, the agreement reached was releasing 2 months early.
The tenants from Property #1 called. Their lease was renewed until June. He had put an offer down on a condo and was waiting to hear back if it was accepted. He was wondering what my thoughts were on breaking the lease a month early.
“I have no problem with that. Congratulations may be premature but I’ll give it all the same!”
These tenants paid their rent, on time, for nearly a year and a half. Hardly ever any complaints. They have taken good care of the house.
Also, they’re departing right before summer. Summer is one of the busiest months for tenants to find new places to live. No “For Sale” sign decorates the front lawn. It is still a great looking house. Getting it re-rented should not be a problem.
This may be a good sign. My intuition tells me the new tenants for Property #2 may not stay past June in the new property. Their lease expires the end of June.
If you liked that post, then try these...
Picture Pages on June 15th, 2006
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Wheeeeee! on October 25th, 2006
The race is on!
Both houses are now on the rental market.
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