What happens if my tenant wants to break their lease?
The lease is a legal and binding contract. If they communicate to Real Property Management Hampton Roads their desire to break their lease, we will first attempt to talk them out of it, due to the expense. Furthermore we will work with them to find replacement tenants so that there is no lost rent between tenants, which saves the outgoing tenants money and ultimately the property owner.
If they are military and need to break their lease early due to military orders we will ensure that the laws of the local and federal government are followed, while remarketing the property to decrease any vacancy time an owner may experience.
However, a small percentage of tenants do break their lease. In this case, we will get the property in rent ready condition and find a replacement tenant. The outgoing tenants will be billed for all past due rents, any advertising costs, utility costs, and any other fees or damages caused by their breach of contract.