Did you know... August 3, 2015

TENANT SAYS, “BYE BYE” NOW WHAT?

If a tenant vacates prior to the end of the lease term the landlord is required to make a good faith effort to re-rent the property. The courts will not compensate a landlord for damages that could have been avoided by reasonable effort or expenditures.  The courts usually interpret this requirement as meaning that the property must be marketed for rent under the same terms – such as rent and deposits – as the vacating tenant had.  If the landlord decides to sell the property instead of renting it again, s/he has not complied with this requirement and probably cannot charge the tenant for lost rent.

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