Hi guys, we have a tenant who wants to break their lease early. Don't worry, t's a good thing.
Our PM advised that the current tenant will be responsible for paying the rent until we find another tenant.
The property is due for a rent increase, so we want to increase it for the next tenant.
PM Said "the house can only be advertised at the same amount as the tenant is responsible for the rent until a new tenant is found." <sic>
Which is reasonable, the previous tenant shouldn't have to pay while it's vacant if you significantly increase the rent from $250 to $350 and it takes a long time to get someone in.
Suggestions from people with experience on how to increase the rent while having the previous tenant still pay until we get another tenant? Nothing too dodgy
Our PM advised that the current tenant will be responsible for paying the rent until we find another tenant.
The property is due for a rent increase, so we want to increase it for the next tenant.
PM Said "the house can only be advertised at the same amount as the tenant is responsible for the rent until a new tenant is found." <sic>
Which is reasonable, the previous tenant shouldn't have to pay while it's vacant if you significantly increase the rent from $250 to $350 and it takes a long time to get someone in.
Suggestions from people with experience on how to increase the rent while having the previous tenant still pay until we get another tenant? Nothing too dodgy