Hi guys, we have a tenant breaking their lease early. The PM said the current tenant will be responsible for paying the rent until we find another tenant. They also said we can't increase the rent amount, as the current tenant is responsible for the rent. No worries, we want to do the right thing.
Current tenant was a bit difficult with allowing access to perform maintenance - things that the tenant had noted required attention during inspections, but wouldn't allow access to rectify - odd. So we decided in the interests of our sanity, we would just wait until they leave and do what we can then.
PM called today and said they've found another tenant, they will move in 4 weeks after the current tenant moves out. Good stuff.
But the PM said that we can't do anything while it's vacant or the current tenant won't be responsible for the rent any more. Am I thinking of this the wrong way?
#1 If I was the current tenant, I would have allowed access as it would increase the rentability, hopefully decreasing the amount of time that it was vacant.
#2 I would think that painting etc... while it's going to be vacant anyway would be common sense.
Does anyone have any experience with this type of situation?
Current tenant was a bit difficult with allowing access to perform maintenance - things that the tenant had noted required attention during inspections, but wouldn't allow access to rectify - odd. So we decided in the interests of our sanity, we would just wait until they leave and do what we can then.
PM called today and said they've found another tenant, they will move in 4 weeks after the current tenant moves out. Good stuff.
But the PM said that we can't do anything while it's vacant or the current tenant won't be responsible for the rent any more. Am I thinking of this the wrong way?
#1 If I was the current tenant, I would have allowed access as it would increase the rentability, hopefully decreasing the amount of time that it was vacant.
#2 I would think that painting etc... while it's going to be vacant anyway would be common sense.
Does anyone have any experience with this type of situation?