What happens if a resident breaks their lease agreement and wants to move out early?
During orientation we explain to residents that one of the conditions of leasing the property is their fiscal responsibility for the entire lease term. If a resident needs to vacate a property early, we explain that they are responsible for the balance of the lease payments until the property is leased again. They are also responsible for paying a reletting fee that is equal to one months lease payment. We are then required to lease the property as soon as possible. Well qualified residents are inclined to perform under the requirements of the lease agreement to avoid possible damage to their credit.
