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When the characteristics of the property do not meet the client's needs, they will probably look for another with the same profile. This is the type of reason that can usually be resolved. Therefore, it is essential that the real estate agency is attentive to solving the problems that arise in the property during the lease to avoid termination due to dissatisfaction with the canada telegram data property. As a last resort, you can offer another property with the same profile, but without losing the client.
Landlord requested the property for his own use
lease agreement
This is also a reason that does not give room for the real estate agency to negotiate. It is the landlord's desire to repossess the property, and therefore, the contract with the current tenant may be terminated. Once again, look for a property with a similar profile and offer it to your tenant. This way, he or she will be able to create a new contract with you.
Eviction of the property
lease agreement
Eviction is an extreme situation, but even so, it is perhaps the only reason for termination that is treated with joy within the real estate agency. In general, terminations are motivated by tenants' failure to pay rent, so the sooner the property is handed over, the better.
Financial Difficulty
lease agreement
Just as in cases where the company has closed, it is beyond the real estate agency's power to resolve this situation. Whether it is due to an economic crisis in the country, or because the tenant has lost their job and can no longer pay the rent, the contract will be terminated. In these cases, one tip is to try to offer a cheaper property, with a different profile, to try to retain the client.
Others
Be careful with “others”! If this reason is predominant in your termination reason indicators, prioritize research to identify what the real reasons are , and thus act preventively.
Tips
lease agreement
Tip 1: Most of the time, termination is no surprise, you received 30 days' notice and can try to get around the situation and recover the lease.
Tip 2: Giving notice may be (and almost always is) too late. Tenants are well-intentioned when they decide to terminate a lease, given that it involves more complex situations, such as: moving, inspections, renovation costs, looking for another property to rent or buy, etc.
Tip 3: Treat your tenant as they deserve throughout the rental process. This way, you will know for sure whether they want to rent or buy another property and the preference may be yours.
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