Re: What is a - Landlord Forum thread 356191

Re: What is a by Anonymous on February 16, 2018 @22:44

Thanks for your detailed reply. My understanding is if the tenant wants to break the lease then he is responsible for all my vacancy costs until I find someone suitable.

The tenant said he wants to avoid incurring any costs so is advertising the place himself.

Another point is he is paying a below market value rent. So to offer him another 10% reduction just to stay seems unfair .

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Re: What is a by Garry (Iowa) on February 17, 2018 @00:56	[ Reply ]

Yes, what you say is true. The T is responsible for all costs associated in getting a new T again. However, judges are usually reluctant in allowing you to recover more than about 2 months of rent from a former T. Judges expect a LL to try harder to find a T , the longer a property is vacant. They expect the LL to reduce their standards somewhat, to find a "qualified" but not an "exceptional" T. Right now, you have a T willing to do the "leg work" to find a new T for you. But if you reject everyone he brings to you, he may just say "screw you", stop paying rent, and just move out. Or he may just decide to "bite the bullet", stay till the end of the lease, give you proper notice that he is moving out, and you will be on your own to find a new T once he moves.