Leases And Tenants - The Spooky Tenant

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Leases And Tenants - The Spooky Tenant

Leases And Tenants - The Spooky Tenant

You, Mr. Landlord are pleased to find qualified tenants for your rental house. The man and woman sign a one-year lease on Tuesday.

On Thursday the male tenant contacts you and says they have changed their minds because his girlfriend thinks she sees "dead people" in the bathroom.

He expects you to cancel the lease!

What do you do, hire an exorcist?

No, you smile and softly explain... "Listen Bub, that was a legal contract you signed. It binds both of us to everything printed on those sheets of paper.... the laws says so, that's who!

And that's true... both parties must agree to break a legal contract... it can't be done unilaterally (usually). In this case the contract is the well prepared, solid gold lease.

Is your reluctant tenant on the hook for an entire year's worth of monthly lease payments?

It brings a tear to the eye of we hard boiled landlords... but he probably is not obligated to pay rent for the entire year.

Courts have ruled that the landlord has to make a good-faith effort to find a new tenant for the unit as soon as possible.

As soon as one is found the original crybaby is released from the contract.

The cost of renting to the new tenant can be deducted from the security deposit you collected from Mr. Crybaby. That includes advertising and a copy of The Grinch Who Stole Christmas you give him as a go-away gift.

About The Author -

Mark Walters is a real estate investor and author. His published works can be found at his web site... http://www.CashFlowInstitute.com

In The News:

GlobeSt.com
House Representatives Warn FASB About Lease Accounting
GlobeSt.com
WASHINGTON, DC-The ongoing--and now seriously delayed—efforts by the International Accounting Standards Board and its US equivalent, the Financial Accounting Standards Board, to converge lease accounting standards has caught the attention of two ...
Sherman and Campbell Lead Effort To Stop New Accounting Rules For LeasesVan Nuys News Press
Congressmen Urge FASB to Reconsider Lease Accounting ChangesAccounting Today

all 7 news articles »

Spinnaker Thriving in a Slow Economy With Major Lease Deals in Connecticut and ...
Virtual-Strategy Magazine
1.4 Million SF of Space Leased Since Real Estate Correction Including Major Deals with NBC Sports, Chelsea Piers, Gartner Inc. and WWE Despite a sluggish economy and a slowly improving commercial real estate leasing market, Spinnaker Real Estate ...

and more »

Ventas Announces New Lease with Kindred
MarketWatch (press release)
The new LTAC Lease covers all ten LTACs whose lease term is currently scheduled to expire on April 30, 2013. The new LTAC Lease has an initial term of ten years and contains annual CPI-based escalations ranging from zero to 4 percent.
Senior Housing Finance Activity: HFF, Ventas, Oak Grove Capital, & MoreSenior Housing News

all 10 news articles »

Swapalease.com Honors American Heroes with Deep Discounts for Memorial Day
MarketWatch (press release)
But how about a sale that could help you swap your current lease for another summertime symbol - such as a snazzy new-to-you convertible? Beginning this Friday, May 25, Swapalease.com will help American veterans do just that with their first Memorial ...
Drivers sticking close to Home Memorial Day WeekendTravel Daily News International

all 10 news articles »

Rogers asks BLM to delay lease auction of forest land
Anniston Star
Mike Rogers, R-Saks, Thursday asked the federal Bureau of Land Management to halt plans to lease 43000 acres of national forest land in Alabama for potential oil and natural gas drilling. Rogers said Thursday following a Calhoun County Commission ...

FDIC Signs Lease In Lakecrest
Memphis Daily News
By Sarah Baker Federal Deposit Insurance Corp. has inked a substantial lease in Lakecrest III, marking the market's largest office lease signing this year. FDIC has leased 32306 square feet in Lakecrest III, 6060 E. Primacy Parkway.

and more »

Anytime Fitness Signs Lease for a New Club at Chandler Plaza in Chandler, Arizona
Sacramento Bee
For leasing information, please call (310) 717-6932 or visit http://www.officespacechandleraz.com/. This press release was issued through eReleases® Press Release Distribution. For more information, visit http://www.ereleases.com.

and more »

The Hindu
SC stays quashing of lease of Jal Mahal to private firm
The Hindu
The Supreme Court on Friday stayed the Rajasthan High Court order cancelling the lease of 100-acre land having historical Jal Mahal and Man Sagar Lake in Jaipur to a private firm to develop as a tourist resort. A bench of justices Deepak Verma and SJ ...
SC stays quashing of lease of Jal Mahal to pvt firmIBNLive.com

all 15 news articles »

Ventas Announces New Lease With Kindred
TheStreet.com (press release)
By Business Wire 05/24/12 - 07:35 AM EDT Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”) said today that it and Kindred Healthcare, Inc. (NYSE: KND) (“Kindred”) have entered into a new lease (the “new LTAC Lease”) for ten long-term acute care ...

Don't lease this land
Times Daily
The National Park Serves could lease 43000 acres of Talladega National Forest to oil and gas companies for exploration. If oil or natural gas is found there, the controversial technique of hydraulic fracturing — or fracking — could be used to extract ...
Citizens say no to leasing forest landDaily Home Online
Activists, lawmakers jump into fracking debateThe Piedmont Journal

all 5 news articles »

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