Quote:
Originally Posted by mustache ride
I would let my tenant brake the lease before i would allow a sublet. Maybe just use that as a starting point when you negotiate your penalty.
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Agreed. Most people are reasonable if you approach it like an adult. I have a couple in one of my units that has been there for 3.5 years. I haven't raised the rent on them once, as they are perfect and I don't want them to leave. If they asked to break the lease (I do one year fixed terms each time), I wouldn't even charge them the breakage fee.
If I was approached from another tenant, and it was easy to rent, I'd likely charge a nominal fee. I also wouldn't want a disgruntled tenant who could inflict $20,000 or more worth of damage, just because I wouldn't let them out of a lease or wouldn't allow a sublet. The $600 they would be losing wouldn't compare to how much it would cost me to remove cement from a toilet, broken windows, appliances, loss of rent, etc. Most landlords know this, and we want to make our tenants happy, so they respect our assets.