A current tenant is planing on purchasing a home, can he/sh terminate the lease? If yes, with or withou

As always, it depends: on the current lease contract terms. No matter what the terms are is the owner/LL willing to break a lease contract? Most lease contracts do not cover a tenant purchasing. Only the LL selling a home leased. Experience proves LL can be bought out of a current lease.

This is completely up to the landlord. The lease is a binding agreement between the landlord and the tenant. As a landlord myself my contracts have a 30 day notice to vacate after the initial 12 month agreement. said that if a tenant was buying a home and needed released I would be willing to work with them on a solution.

The lease states the terms surrounding early termination and vacating the property. Read the lease carefully. For the most part a landlord simply doesn't want any vacancy of the property. Therefore, it is typical for the lease to state that a tenant must give anywhere from 30 days to 45 days notice to vacate to the landlord in writing. That way a landlord can secure a new tenant by the time the current tenant vacates. In this situation the tenant should contact the landlord to discuss the possibility of signing an Amendment to the lease changing the lease's expiration date. Hopfully it is more than 30 days until the tenant closes on their new home, and the landlord may have the opportunity to secure a new tenant quickly. The Amendment form exists for these situations, when a provision of the lease is changed. Obtain an Amendment form from your Realtor, and make an appointment to speak with the landlord about changing the lease's expiration date. Hope this helps.

I have rental properties and I've had tenants break the lease. I keep their deposit and let them go. The houses lease again so quickly that I don't lose money. For me, it's not worth the hassle to go after them for any other money owed.

Hi Jay,

Please review the lease agreement, it should spell out the terms of early termination of the lease. Usually, tenants are responsible for the entire term of the lease. If you are not sure, please consult with a Real Estate Attorney, to review the clause and too discuss the options.

I hope that this helps.

If you have a management company that is managing the property contact them first to have them address this issue and try to come to a resolve. If you are managing the property yourself, read your lease agreement and sit down with your tenant and go over the terms of the lease agreement and see if you both can come to the table with a solution. A lease agreement is a binding agreement, if the tenant is unwilling to perform to the lease agreement fully I would contact a Real Estate attorney to assist.

Hope this helps.

Faith

God's Property Realty (A LLC)
Broker/Owner
WWW.GODSPROPERTYREALTY.COM
16225 Park Ten Place Suite 500
Houston, TX 77084
Cell: 281-743-0243
Email: Faith@godspropertyrealty.com
"Seek God first in all your decisions"

It depends upon the lease agreement. Many agreements require tenants to pay off the lease in full for early termination. Some will not penalize if they can sublet the unit. I also have heard of some builders that will pay off all or part of the termination penalty for their home buyers.

The first thing you should advise the tenant to do is read his/her lease carefully and then talk with the landlord about possible options.

Best Wishes!

Andrea Usanga
REALM Real Estate Professionals - Sugar Land
Phone: (832) 577-4602
Email: ahinckson@yahoo.com
Web: http://www.har.com/AndreaUsanga
"Going the Extra Mile to Bring You Home"