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Residential Property Management/Renter wanted to terminate lease.

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RM wrote at 2009-06-30 06:50:30
Does the lease stipulate liquidation cost for breaking the lease? We charge $250 to break the lease regardless of why it is being broken. Also you can recover damages (lost income) from the security deposit.


rental manager wrote at 2014-03-04 05:25:24
Always remember that he may leave before his lease is up however you can  sue for any unpaid monies owed on the lease. as a rental manager. i recommend.give him a written warning first then allow him to respond in writing. then if chooses to move before his lease is up he has violated the lease twice. he has no case in court and you only stand to be awarded your case. however if you do not want to bwe bothered with fallowing your own lease. then just tell him to move. which i do not recommend. because you then would not be fallowing your own lease.


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Mike Fortunato

Expertise

Very familiar with all aspects of property management (tenant/landlord issues, lease administration, facilities maintenance, financials, etc). 25+ years in property management

Experience

I have been in real estate management for 25+ years, both residential and commercial properties. Currently own and operate a commercial and residential real estate management company in southern California.

Organizations
IREM; BOMA; MLS; National Association of Realtors; California Association of Realtors

Education/Credentials
CPM (Certified Property Manager) and RPA (Real Property Administrator)

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