When a tenant moves out prior to their lease expiration date, they must meet two obligations:
❱ Payment of rent and utilities through the date of their lease expiration or the date we move in a new tenant, whichever occurs first.
❱ Payment of a break lease fee equal to 50% of one month's rent.
The break lease fee is paid out to you as income. That income will offset the tenant placement fee charged by our office to you when we place a new tenant.
It’s important to note that the break lease fee may not be paid out to you in the same month that the tenant placement fee is charged. Depending on the date the fee is paid by the tenant and the date we place the tenant.
If a tenant chooses to break their lease, the tenant must pay their break lease fee before we will market the property for rent.
It is important to note that the rent rate cannot be increased from the amount the break lease tenant is paying if we hold them to the break lease process.. This is an important consideration when determining whether it is best to hold the tenant to the lease or allow them out of the lease early without penalty.
22 E Poplar St, Suite 204
Walla Walla WA 99362
Office Hours: M-F 9:00 am - 4:00 pm