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9 Jan 2015

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3 Reasons to Allow a Tenant to Break Their Lease

Landlords want to have some amount of stability in their income. Sometimes, tenants want to break a lease and move on before the lease term is actually expired. If a tenant is military personnel then he or she can be activated easily. If they have to go for work, then there is really nothing you can do.
Sometimes a person gets a transfer on his job and they have very little control on where there company is going to send them now. So there is no point staying here and keep paying the rent. No landlord will allow you to do so as it’s a great loss for them as well. If they are transferred in the same city just to another office then it does not matter but it is problematic if they are moving into a new city.

If a tenant loses his or her job and has no prospects of finding a new one in the coming time, then it is best to let them shift to another place maybe a cheaper one on which is easy for them as well. If a tenant has lost their job, then their relationship with you is likely to become more and more strained as time goes on and resources are not available. So it’s best to look at your pocket and move on accordingly. Bad things usually happen with good people. Certain health problems, financial loss or relationship problems can cause radical shifts in income and outlook on life in general. If one is suffering from a serious problem then rent is not considered as a major problem. It is not that difficult to pay the rent in such a situation as at this time one wants to have the maximum comfort and live life all happily and comfortably. So it is the responsibility of the landlord to show a little bit of sympathy and let the tenant move on. Some tenants are a pain for the landlord. They seemed good in the very beginning but once they moved in and started living there, nothing was right. They kept nothing in order and complaint regularly they are always late with the rent and while making other payments.

Sometimes it becomes very problematic to face such a situation. Landlords don't want their tenants breaking their lease, but many a times there are such circumstances that are beyond their control and they are forced to take a firm action and get some relief. But whatever be the situation, always try to keep the best relations with them so that you never face a problem. For More Query related to Real Estate visit Real Estate Property Consultants in India

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