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shane

Tenant buyers moving out

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Hey everyone,

 

I was just given notice by my tenant buyers a little over a year into a 2 year lease purchase agreement that they want to pack up and move out. They realize they signed a contract and are aware that they are forfeiting all their rights under the agreement. The reason, they can't stand their neighbor.

 

My question is, should I be getting them to sign anything, like a cancellation agreement, or something along those lines to avoid any conflicts in the future? I'm not sure what standard procedure is to cancel a L/O.

 

Thanks

 

Shane

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