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The Solution to a Broken Lease: The Buy-Out Clause

July 17, 2014 by Elizabeth Bennett Colegrove 26 Comments

The Buy-Out Clause

Tenants breaking the lease was one of my most common "issues" and seem to occur regularly. The default legal language does not allow for any penalty for breaking a lease beyond holding a tenant to the lease until a replacement has been found. The Problem: Landlords, by law,  are required to re-list the house and show the house in a good faith effort. I have never lost a day of rent so I was always penalized. It made me very upset that … [Read more...]

Filed Under: I am a Reluctant Landlord, I am a Small Time Landlord, I am an Empire Builder, Self Management Tagged With: Buy-Out Clause

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I love my family, my country and real estate. My goal is to retire early through frugal living and real estate investment. I am making great strides and want to share the information I've learned through the process. Read More...

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