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re: My tenant wants to break their lease
Posted on 7/14/13 at 2:03 pm to GoIrish02
Posted on 7/14/13 at 2:03 pm to GoIrish02
quote:
In most leases, the tenant is responsible for the remaining balance of the lease term, in this case 22 months of rent. It would be foolish for a landlord to negotiate away what is a pretty standard lease provision from a boilerplate lease.
Landlords have a duty to mitigate damages. That would never be upheld, no matter what the lease says.
Same is true in all contracts. IF it makes business sense to breach it, you breach it; by making the other party whole, some parties are better off, no party is worse off, and commerce expands.
This post was edited on 7/14/13 at 2:04 pm
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