Breaking of Lease (by Turbo [IL]) Jan 13, 2017 7:55 AM
Breaking of Lease (by plenty [MO]) Jan 13, 2017 8:46 AM
Breaking of Lease (by Vee [OH]) Jan 13, 2017 9:05 AM
Breaking of Lease (by S i d [MO]) Jan 13, 2017 9:10 AM
Breaking of Lease (by turbo [IL]) Jan 13, 2017 9:20 AM
Breaking of Lease (by JLK [TN]) Jan 13, 2017 9:21 AM
Breaking of Lease (by Turbo [IL]) Posted on: Jan 13, 2017 7:55 AM Message:
State Specific Question About: ILLINOIS (IL)
When someone has to break their lease, what do you require of them until you rerent it again. Do they have to pay for the painting, etc?
I need to put this in my lease. --98.253.xxx.xxx |
Breaking of Lease (by plenty [MO]) Posted on: Jan 13, 2017 8:46 AM Message:
Are you the tenant or landlord? What does the lease say? Any repainting could be more of a deposit return expense. --66.87.xx.xx |
Breaking of Lease (by Vee [OH]) Posted on: Jan 13, 2017 9:05 AM Message:
Best to follow state and local laws, paint should wear more than 10 years if you but 20 year paint, the damage is the costly part, refinishing from smokers costs about 250-300 in my area. --76.188.xxx.xxx |
Breaking of Lease (by S i d [MO]) Posted on: Jan 13, 2017 9:10 AM Message:
ETF (Early Termination Fee). For one-time payment of $XXX, tenant may buy out of the lease and owe no further rent. Full amount must be paid before ETF is effective, which means rent payments are still until the full amount of ETF is received. Minimum 30 days notice is still required, and rent continues until the last day of the 30 day notice period.
Security deposit cannot be applied to the ETF.
Bill costs to return the unit to rent-ready condition--less normal wear and tear--just like you would for any other tenancy. If they damage the paint, that's what the Security Deposit is for (and why you DON'T let them apply it to the ETF!)
Btw, I'm a weirdo because I have learned that if people don't smash things into the wall, don't rub up against it, and/or CLEAN IT once in awhile, paint pretty much lasts forever. The only thing it does is fade a bit after 10 years or so. Some here say paint should be depreciated. I disagree. Check your local laws and know what your judge thinks about this. Some states require new paint between each tenant, so you may only be able to deduct partial.
--173.19.xx.xxx |
Breaking of Lease (by turbo [IL]) Posted on: Jan 13, 2017 9:20 AM Message:
Yes I am the landlord. Because they are leaving early I want to specifically state what they are responsible for in getting it rented again. Right now I don't have that in writing in my lease. ie: advertising, painting, etc.
--98.253.xxx.xxx |
Breaking of Lease (by JLK [TN]) Posted on: Jan 13, 2017 9:21 AM Message:
Wanting to break the lease would mean that they pay the rent until place is re-rented.
Painting the walls have nothing to do with leaving early. That is why you charge a deposit. --184.52.x.xx |
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