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What penalties do you enforce when tenant breaks lease early?

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GetRichODT

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I have a 60 day notice on my leases.

I have a tenant that on March 20th, 2018 informed me they would be breaking their lease early.

The lease was signed through 8/25/2018

They will be moving out June 17th.

Monthly rent is $1,400 and security deposit is $1,400.

Given this scenario, I have 3 main questions:

1) How much do you charge your tenants for June on June 1st? (remember they are moving out June 17th)

2) Do you keep the full security deposit (i.e. 1 months rent in this scenario)

3) For any clean up, carpet cleaning, etc for the turnover for the next tenant, do you simply cover those costs from the security deposit you keep?
 
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  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

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