Residential Lease Agreement Termination Clause
Monday, October 4, 2021 in Uncategorized
Even if, in these extenuating situations, you are not legally obliged to exempt your tenants from a lease, it is a little easier for all parties involved to give your tenants an out. For example, if a couple in your unit decides to divide up, rents could become a main source of dispute. If a tenant informs you that they have to evacuate due to a family death (either a tenant or a relative) or a serious illness, it is advisable to be compassionate. Job loss: It makes sense to be compassionate here. If your tenant can no longer provide the income that would allow him to pay the rent, it is not wise for him to continue living in your rent. At this point in their lives, they would not have been able to meet the screening criteria you set when renting the unit to them. .
