Tenant Breaking The Lease
OK, so this kind of sucks. One of our best tenants called the other day to say that he’s sorry the rent is late and that he needs to find a smaller place because things are not going so well for him.
His tenancy started when he moved to Brevard County from the county just south so that he could expand his construction contracting business. Things seemed to be going pretty well then the big real estate slowdown happened.
The rent checks got later and later every month because his business was dropping off. He always paid but sometimes his rent checks were written to us from other people. A sure sign of borrowing from friends and family to pay the rent.
The thing that pushed his situation over the edge was that he was recently charged with DUI and is dealing with that. Apparently getting caught up in that situation is a HUGE pain-in-the-ass and very expensive. The costs in not just money but time seem to me to be quite burdensome. But then again, I guess that’s what the government wants as many people have been senselessly killed by drunk drivers.
Thankfully, he said that he intends to honor the terms of the lease where he will pay the penalty and give up the security deposit.
Anyway, I feel for this guy and wish him luck with this situation. What really sucks is that we already have one vacant house for rent in Brevard County and now is not really the time to have another one.
Stay tuned for more on this situation.
