Response to tenants wanting to break their lease

Good Afternoon,

We understand that the cancellations and shutdowns in connection with COVID-19 have created new burdens for our residents. Please understand that our company has not escaped without the consequences either. At this time, neither the government nor our lenders have enacted any mortgage payment relief.

As a result, we are unable to change our policy on allowing residents to terminate their leases without further obligation. In the event that circumstances change, we may revisit that decision. Until that time, it is our expectation that our residents will honor their contracts, just as we are being required to honor ours.

If you choose to break your lease before you move out date. You will be required to give us a 30-day notice, pay liquidated damages in the amount of 1 months rent and forfeit your security deposit.

Please do not hesitate to contact us with further questions

Ooooo that's good!

Perfect

Damn good!!! Had to snap my fingers after reading

Are you in Texas? Texas TAA lease says Pursuant to section 22.1 of the lease, the resident will not be released for any reason - including voluntary or involuntary school withdrawal or transfer, voluntary or involuntary job transfer, or loss of employment. Pursuant to section 22.1 of the lease, the resident will not be released from the lease for any reason - including bad health. Good letter though. ????

This is great! Thank you so much!

Well written.

Are people canceling their leases or wanting to stay and skip a month I wonder.

Laura Renaldo Yes, unfortunately I was called heartless just the other day because I would t terminate a lease per a residents request due to the virus.

Hmmm...Very good response. ????

Perfect!

Great job

Spell Check?

If you choose to break your lease before *your* move out date

I would double check with a real estate attorney in your state about saying you will withhold the deposit. I went through something similar with a tenant and the attorney said that I could not say anything to tenant about keeping deposit. But of course your can collect at the end based on any cost that the break of the lease cause you.. I would also add something about maintaining them inform of any mortgage relief or anything to show them your doing your part to help them if they need it.

this was written by an attorney, we added the last paragraph and yes for the LOVE OF GOD people we changed youre to your LOL

Are you asking for a termination fee if they do break their lease?

yes

I know you couldn't pull that off in WA state.

Great notice!

I much rather them move out then decide to go to eviction and have 4 to 6 months of no rent and legal fees

In Texas you can do this.

Great letter, but take note of the laws that govern your state.

This is great! Thank you

I was looking for something like this because it is factual and not personal. Great info.