Tenants represent your income stream, which is why all landlords need to put language in their lease agreements discussing what will happen if a tenant breaks their lease. Still, you’ll almost surely encounter tenants who want to leave their lease early, so what are your options when that happens?
Know Your Rights
It’s important to know the local laws regarding rental properties. That way, you know you have the legal backing to enforce the language in your lease agreement that deals with breaking a lease. A lease is a legally binding agreement meant to protect you and your tenant—it’s there for a reason.(more…)