What happens if tenants break their lease?
When the tenant breaks his or her lease before the lease period is over, they are responsible for all expenses incurred to re-lease the property. The expenses include the rent amount for any remaining unpaid time before the expiration of the lease, Real Estate commissions for a new lease, all advertising costs, and any other costs directly relating to the re-leasing of the property.
When the tenant breaks his or her lease before the lease period is over, they are responsible for all expenses incurred to re-lease the property. The expenses include the rent amount for any remaining unpaid time before the expiration of the lease, Real Estate commissions for a new lease, all advertising costs, and any other costs directly relating to the re-leasing of the property. ^TOP • When should I expect my monthly report and checks? The closing cycle of our monthly bookkeeping happens on the 25th of each month. If the 25th falls on a weekend or holiday, checks and statements will be mailed on the nearest business day prior to the 25th. If you currently have your funds electronically transferred to your bank (EFT), please note that these transfers can take up to three business days to be processed. ACH Signup Form PDF ^TOP • Will I need to change my insurance coverage? We advise all our property owners to consult directly with their insurance agent to be certain they are carrying
