You rent a property to a tenant on a year lease and in the sixth month they tell you that they have to vacate the property. This can be an all too frequent occurrence for many landlords. The impact of these early vacancies can have a material effect on your portfolio. These early vacancies can result in:
(1) Lost rent
(3) Additional property management fees to fill vacancies
(4) Repair expesnes required before reletting the property
Watch the video to see the legal language that I include in my lease agreements to require full payment of rent for the full lease term even in the case of early termination.
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