Q) One of my tenants is on a one year lease and just gave me a notice that he is moving. The problem is that he wants to move out before his lease is up. He said that his job is being transferred and legally I have to let him out of his lease. Is this true?
A) This is NOT true. Once a lease is signed it is a binding obligation for all parties. The only time an owner/landlord must let their tenants out of a leases is if the tenant is being deployed by the military and the tenant gives a 30 day notice.
Friday, April 9, 2010
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