Hold Up Just a SECOND.NoahAg said:
I had good renters for 4 years who didn't complain and took good care of the house. They let me know a couple of months ago that they weren't renewing b/c they are buying a house.
They "misread" the lease, thinking they had to be out by 5/31, when the end date is actually 6/30, and haven't paid June's rent. All their stuff is out now, and I of course still have their security deposit which is 1.5X the rent.
Obviously I'm keeping the deposit. But I'm not sure what else I could have done. I've already changed the locks and we've had lots of showings.
Your second sentence of the last paragraph "But I'm, not sure what else I could have done". REALLY?
How about when you got notice you let them know they are breaking the lease early and are in jeopardy of losing their deposit. Yeah, I hear you, "it's not my responsibility to advise them, their ignorance is their loss". You are correct Sir! But that does not make you RIGHT......get my drift.
You said they were Good Renters for 4 years, did not complain and took care of the house. I wonder if they have any ill will toward you. Normally when I have good renters, especially for 4 years and they don't renew I usually ask what's up. YOU PROBABLY DID TOO. But as soon as you knew their time frame you thought what a windfall I now have a way to keep their deposit if I just keep my mouth shut.
But the letter of the law your are correct......right on!
Your Title ask what would I've done.
Here is what I would have done. Advised them of their lease terms and consequence when they gave notice. And because of their tenure as GOOD renters, i would have tried to work out an agreement with them so they would have the opportunity not to lose their deposit. Are you possibly feeling a little uneasy and looking for support from fellow Ags here. Sorry but you won't get it here.