What is a reletting charge?

A reletting charge is a fee that a landlord may charge a tenant who breaks their lease early and vacates the rental property before the end of the lease term. The reletting charge is intended to cover the costs associated with finding a new tenant to take over the lease, such as advertising the property, showing it to prospective tenants, and processing rental applications.

The amount of the reletting charge can vary depending on the terms of the lease agreement and the landlord's policies. Some landlords may charge a flat fee, while others may calculate the charge based on the amount of time remaining on the lease or the costs incurred in finding a new tenant.

It's important for tenants to fully understand the terms and conditions of their lease agreement, including any reletting charges, before signing the lease. Breaking a lease and incurring a reletting charge can be costly, so tenants should carefully consider their options and try to work out a mutually satisfactory arrangement with their landlord if they need to vacate the property early.