What is a reletting fee?

A reletting fee is a charge imposed by a landlord or property management company when a tenant breaks their lease and the property must be re-rented. This fee typically covers the costs associated with advertising the unit, showing it to prospective renters, and any administrative tasks involved in securing a new tenant. The amount of the fee can vary based on the lease agreement and local laws. It's important for tenants to review their lease terms to understand any potential reletting fees they may face.