Looking for suggestions on how to approach a tenant to ask them to break their 12 month lease. (9 months remaining) Tenant has been there for several years with no issues and has even performed minor maintenance.
Let them know the reason (don't have to be completely honest) You'd have to cover ALL their related costs to be setup elsewhere If poss I'd wait it out till end of lease, give them min 60days notice so they can prepare
If you cant wait until end of lease to give them notice, let them know what you are looking to do and you will cover their costs to move...worse case scenario, is status quo and have to wait 9 months.
We've needed to ask for tenant to leave early to sell with vacant possession. We negotiated that we would give him four weeks' notice and that the final four weeks would be rent-free. He was happy as he wanted to move anyway. We were happy. Buyer was happy. People we know who rented nearby were offered $10K to vacate a high end house so it could be sold vacant possession. They moved in nearby and learned within a few days that the house was listed for sale, quietly, with no sign. Not Happy Jan!!! Owners had no legal right to put the house on the market when a new tenant had just gone in. It didn't sell anyway and I don't think the tenants reported the issue at the time, as they could have.
Don't offer anything till you suss things out. The pm can sniff around. You can end the lease on mutual agreement. You never know what they have going on!
