The lease is a legally binding contract. A small percentage of residents will break their lease due to unforeseen life events and some will simply make the poor decision to leave before fulfilling their lease. The resident is responsible for rent through the entire term of the lease. If they are forced or choose to leave prior to the termination date, they will be charged for all of the following; a) all rent, unpaid fees and other non-rent charges accrued prior to the date that Owner/Agent knew or reasonably should have known of the abandonment or relinquishment of the unit, b) all damages relating to the condition of the unit, c) an early termination fee in the amount of one month’s rent.
Texas Property Code states the Owner/Broker must place the property back on the market as soon as possible to mitigate the resident’s charges.
