AgentRentals

Putting a price on lease break

Tenant's employer offers landlord compensation, but concerns remain
Published on May 20, 2010

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by CareyBot

Q: I have a tenant who signed a two-year lease and now needs to move as part of a job relocation. He has 14 months left on his lease. The tenant's employer contacted me and is offering to pay a "reasonable" amount if I let the tenant break the lease.

Can a landlord legally accept any amount a tenant offers to break an apartment lease? If we reach an agreement, let's say three months' rent, can I rent it out sooner?

A: You could agree to unilaterally release your tenant from any further obligation under the lease for nothing, or you could insist on the remaining balance of all the lease payments to the end of the lease.

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