Your tenant moves out after 2 days...commission returned?

By
Real Estate Agent with Frank Howard Allen

Your tenant moves out after 2 days...commission returned?

Lets say that you are referred a renter who is in need of a short-term rental. They sign the lease and move in. Two days later they move out for no given reason. Should the commission be returned?

At what point is a commisson earned? Is it at the point of delivering the keys?

Have any of you had this type of thing happen to you?

 Thanks!

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Rainmaker
330,552
Andrew Monaghan
CRS, GRI, EPro Associate Broker
Your Phoenix Home Source
You may not like my answer leagally yuou may have earned your comission but i don't feel that it is earned as the renter is not a viable renter.
January 26, 2008 12:34 AM
Ambassador
625,678
Courtney Cooper
206-850-8841
All Seattle Homes for Sale: CooperJacobs.com
I agree with Andrew from an ethical point of view and also customer service, but I don't so a lot of rentals....
January 26, 2008 12:40 AM
Rainer
4,490
Steve Ragghianti
Frank Howard Allen

Andrew,

I guess the question is more of an ethical one rather than a legal one (at least for me). I appreciate  your answer. 

I think the commission should be returned. The security deposit and rent forfeited, unless they are able to quickly re-rent. What I'm really interested in is everyones opinion as to what moment a commission is earned, in a lease situation like this. Is it 10 days after they move in, 30 days, etc.?

 

January 26, 2008 12:43 AM
Rainmaker
996,044
Karen Anne Stone
Fort Worth Real Estate
New Home Hunters of Fort Worth and Tarrant County
Steve, I would contact your office attorney as to the legality, but I would think that ethically, you should either consider returning the commission, or at least re-leasing the property for no fee.
January 26, 2008 12:49 AM
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790,076
Russ Ravary
Metro Detroit homes - Michigan Real estate & Mortgage info
Keller Williams Commerce
I think you need to return the commission to avoid the lawsuit or small claims.  I do not think you would win.
January 26, 2008 06:21 AM
Anonymous
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Rainer
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Steve Ragghianti

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