What Happens When a Tenant Breaks Their Lease Early? How PMI Midwest Handles It
Life can be unpredictable. Job relocations, family emergencies, or unexpected financial changes can lead tenants to consider breaking their lease before the agreed-upon end date. At PMI Midwest, we understand that these situations arise—but we also have a responsibility to our property owners to ensure their investments are protected.
If you're a tenant or a property owner wondering how we handle early lease terminations, here’s what you need to know.
The Lease Break Process at PMI Midwest
When a tenant notifies us that they need to end their lease early, we offer two options:
Option 1: Lease Break Fee
The tenant may choose to break their lease by paying:
Three months' rent upfront, and
Forfeiting their security deposit
This option allows the tenant to walk away from the lease obligation quickly, giving both parties clarity and allowing us to focus on re-renting the property.
Option 2: Pay Until the Home Rerents
Alternatively, the tenant may continue to pay rent until a new tenant moves in. In this case:
The tenant remains responsible for monthly rent payments.
They are also responsible for utilities and home upkeep until the new lease begins.
Once the home is re-rented, their financial obligation ends.
Their security deposit will be handled per usual move-out procedures, factoring in damages or unpaid rent.
Why This Policy Matters
This structured policy protects both tenants and owners:
Tenants know exactly what to expect and can choose the best route for their situation.
Owners avoid long-term vacancies or income gaps due to unexpected lease breaks.
Our team moves quickly to re-market properties once a lease break is initiated, working to minimize downtime and ensure a smooth transition for all parties involved.
Need Help or Have Questions?
Whether you're a tenant facing a tough decision or a property owner wanting to understand your protections, the PMI Midwest team is here to guide you every step of the way. Clear communication, fair policies, and timely service are at the heart of what we do.
Interested in working with a property management company that handles lease breaks and tenant transitions with care and consistency?
Contact PMI Midwest today at info@midwestpmi.com
