[WSBARP] Lease termination prior to end of term - fees for termination
Roger Moss
ram at pacific-ci.com
Fri Sep 20 12:07:03 PDT 2019
Yes they can charge fee and by explicit agreement use deposit funds, and they must still follow deposit return rules.
Even in a market where it’s easy to find tenants, A termination fee equal to one or two months rent is perfectly reasonable. There are risks and costs associated with letting a tenant out of the lease early.
Roger A. Moss, Mediation Counsel
Pacific Conflict Intervention
206.790.1971 Seattle
415.371.9724 San Francisco
www.Pacific-CI.com
In motion - dictated to Siri
> On Sep 20, 2019, at 11:31 AM, Kelly Pankiewicz <kelpank at gmail.com> wrote:
>
>
> Hello Listmates,
> In a residential LL/T situation, if the tenant seeks to terminate the lease and the LL agrees and finds a subsequent, suitable tenant at comparable rent to replace without any lag in occupation, may the LL charge a termination fee to the security deposit? Or if the LL were to charge such a fee, must it have been specifically outlined in the original lease agreement? Thank you.
> -Kelly Pankiewicz
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