Do you require a 30 or 60 day notice to vacate when a tenant breaks their lease?

 

30 day ITV

60. KH Management

No. Because than its a uni lateral contract if a tenant can break a lease on their own. Why sign a year lease if it can be broken in 60 day notice. Now if they skip than you have to make effort to rent the prop to reduce damages to you. I hate this perception from residents that they can move with 60 day notice. Some one told me it was in VARLTA
Can somoone tell me where please

If they are breaking their lease, lease break fee and 30 day notice.

Same same!! We only accept the notice if the lease break fee is paid up front, in full.

Here in Oregon our attorney has told us since our lease states there is a 1.5x monthly rent lease break fee, someone could walk into the office pay the fee and NOT have to give 30 days notice.
I'd definitely check with legal counsel for what the local laws are.

None we don’t do early lease breaks. At move out 60 days unless law says more.

Same! If they want to move They are on the hook for rent until the end of the lease or it’s re-rented. I’ve never had a unit sit on occupied longer than two months if someone has broken the lease.

60+ is easier to pre-lease 30 makes for less angry residents because 30 seems to be an expectation. As long as you give ample time for them to decide on renewal then longer is usually ok. Check your city/ county/ state requirements though - some are super strict about this like in Seattle.

They are responsible for the lease until the term ends, if they move out and let us know the only thing that changes is that we try to rent it for them so their responsibly to their lease can end once it is rent to someone else. Basically they could give us 300 or 0 day notice it is all the same to us.

Do you charge any type of fees when they do this?

We charge 50% of the rent for a release fee if they are still under lease. I never really understood the idea of “breaking” the lease. We agreed not to change the rent for X amount of months. You agreed to pay us rent for those same months. The fact that you live there or not isn’t conditional on you paying rent. Why would you set yourself up for lost revenue when it was previously contractually guaranteed?

On the properties I supervise I charge until the lease ends or the next resident moves in, whatever comes sooner. I also charge 85% of one month’s rent as allowed by the TAA lease.

If middle of contract, still 60 days notice but termination fee equal to 2 months rent due in 3 days from giving said notice by electronic money order.

We have an early termination agreement that if the complete they fulfill there lease. If they don't it's 3 month penalty. And 30 NTV required.

60 days plus one month rent for term fee for buyout (basically 3 mos rent). Arbour Valley Management

It’s not the company but the state that should legally dictate what the policy is. Florida is no notice and the resident picks one of two options when signing a lease at move in or renewal.

60-For end of lease but if during lease 60-days plus termination fee of $1500 or days vacant.

Florida, we have a 60 day notice completion of lease or buyout options. Without a 60 day 2 months of rent termination, with a 60 day 1 month of termination paid within 7 days of giving notice at any point of time during the lease. But it should be in our lease agreement of what your company requires.

60 day notice. Early term fee is two months rent, they are required to pay the two months in rent still for remainder of lease (early term fee does not cover rent).

We also have a black out period November 1st-February 28th. If someone gave notice November 30th, the earliest they could vacate would be February 28th and not January 31st.

I require a 60 day notice for end of lease move outs and 30 day notice for early terms with a fee that is equal to two months of base rent. The early termination fee is due when the resident submits their move out notice. We do not charge accelerated rent.

We require a 30 day notice and charge a lease break fee equivalent to 1 months rent. Decron Properties...California