Renting to service members is generally excellent business and it comes with one feature civilian tenancies do not have: a tenant can lawfully end the lease early when the military moves them.
Federal law allows a service member to terminate a residential lease on qualifying orders. Plan the vacancy, do not resent it.
Three things about renting near a military installation.
Federal protections allow a service member receiving qualifying orders to terminate a residential lease with notice. It is lawful, it is not a default, and it means a tenancy can end sooner than the paperwork suggests. Planning for the turnover is the sensible response; treating it as a surprise is not.
Each gap between tenancies is a period when the property is empty, and most policies restrict cover after a stated number of consecutive vacant days. In a market with faster turnover that threshold is approached more often.
A tenant leaving on orders is not an insured loss, so nothing responds to the lost income. Loss of rent covers the property being unlettable after damage. The two get confused constantly, and only one of them is insurable.
Planning around a predictable turnover.
It affects the vacancy exposure more than anything else.
Measured against the vacancy clause in your policy.
It covers damage, not an empty month, and it should still be right.
Tell us the rent, how often it turns over and how long the gaps usually run.
We plan the vacancy clause around turnover instead of ignoring it.
Request a quote