Tenant wants to leave early?

Pic of tenant breaking AST to leave rented home early property118

by Readers Question

12:04 AM, 30th August 2023, 3 years ago 23

Categories:

Landlord News Landlords Questions Lettings & Management

Hello, I have a tenant that wants to leave at the end of month 8 of a 12 month tenancy as he has bought somewhere. What should I do?

He is offering to make a settlement to cover costs.

I self manage and don’t really want the work, although I can probably get 8% more rent.

I know legally I can keep him to terms of tenancy for 1 year.

Thank you,

Chris

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Tags: AST, settlement, tenant leaving tenancy agreement early

Comments

steven property118

Member Since January 2023 - Comments: 9

12:08 PM, 2nd September 2023, About 3 years ago

You’ve found a valuable asset in him; collaborate with him. If you’d rather avoid this situation, consider selling your stake; it may not be the right fit for you.

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Julius Caesar

Member Since July 2015 - Comments: 20

5:10 PM, 2nd September 2023, About 3 years ago

It seems quite obvious to me that you should just let them go, and if you’re making them pay a settlement over and above getting 4 weeks notice, then in my view, that’s shameful. Put yourself in their shoes for a moment, and think properly about what your attitude says about you.

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Fergus Wilson

Member Since September 2023 - Comments: 31

10:08 AM, 4th September 2023, About 3 years ago

In theory the tenant is responsible until the end of the fixed period.

In practice you must mitigate your loss.

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