Out of curiosity, if someone wants to leave and they pay the re-letting fee, do you still count it as a broken lease? I was under the impression that if you don’t fulfill the lease it’s considered a broken lease?
Reletting fee according to TAA is not strickly a lease break fee. The terms of the lease with the relett fee say that they still owe rent until someone else occupies the apt and they forfeit the sec dep. They still are charged for damages, as well.
Jennifer Lea Yoneoka it's not a " lease break fee" it's a penalty fee for breaking the lease, or cost of reletting fee. What it costs the property for you "NOT" fulfilling your lease.
Isn’t there a Lease Termination agreement Form that you may use to avoid dinging a tenants references? Obviously it would include whatever charges you need covered.
If tenant is being straightforward why not make a good experience for either a return or a referral or a positive review.
If your lease has an early termination option and they choose to elect it then they’ve fulfilled their obligation. Its written in as an option for their contract. Either stay C amount of months at XYZ rate or stay until you need to move on and provide the set notice and associated fees. Think of it more as a negotiation of the lease term end date as thats what it’s built in to be. Not so much a broken contract, just renegotiated.
There are two and only two ways out of a lease. Death and military. Period. And even death some properties charge the executor of the will the fees. I personally dont. Military transfer, they still are required to give 30 days notice. There is a 3rd way, and that's abuse/stalking with police reports.
My new company uses the early termination addendum, I've never used it we charged thru lease term. It's kind of confusing to me says they must give a 30 day notice, lease says 60, but they must pay for 2 months an then it doesn't specify the reletting. I been charging 2 months rent an the reletting.
It's all in the hands of the management and the decisions that they take however If the resident gets proper notice and is willing to cooperate and pay all reletting fees exedra then that should not be deemed as a broken lease The resident fully complied by meeting your needs and expectations and requirements and policies so therefore as a favor and return to themThey should have a clean rental history that way if they choose to come back they will or won't have problems renting in the future
It just all depends on you or your super
Some are sticklers and by the book
Even if you're cold dead they will still stick to the rule and charge you these move out damages
Others will agree pay the reletting fee and move out by the end of that current month with the rent for that month already paid.
Document all of it in writing
I had a lady once that he husband fell flat on his face he had a heart attack
A week later he died
He was picked up
Funeral all that
But his wife could not bare to continue to stay in the unit. That was their first place they had just got married a month before
She left back to Mexico
I didnt charge her anything
I even had my boss give her the deposit back
She needed to be worth family. They were trying to have a baby so she was not working
That tenant had been there 6 years prior to me taking the property and another 7 with me
I knew them very well
It was a small community
138 units
It just all depends on who is running what.
Technically, yes, it's a lease agreement that was not completed to the end, BUT I am not sure what "counts as broken lease" means - it's terrific to offer options (and sometimes required by law), does your company measure? If they paid the fee and you were able to get a new household in timely, more power to you. Many happy customers.
Depends on your lease break policy. I’ve had multiple but usually consist of a minimum of a 30 day notice, a termination fee (can be a set rate ie 1500.00 fixed) or 2 months equal to rental rate, they are still charged for any damages and cleaning fees and cannot use the deposit toward the term fee. If they comply with the term fee and proper notice it is considered a completed lease as they fulfilled the buyout policy. If proper notice isn’t given or fee not paid at time of notice then it’s considered a lease break violation and they would be charged accordingly.