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I leased property to a new tenant in Jan 2022. Tenant had Opp to inspect the property and do a move in walkthrough. While they did n. Have a w2, they showed trading account $ and had no criminal history. I had them pay 1 month rent and 2 month deposit as security. They paid their rent in February and come mid March told me they do not want to continue beyond April. The lease does not have a termination clause for 1st year and they are liable to pay all monies owed for remaking year. At this point, I have exhausted the security deposit as I have not been able to find a tenant. The original tenant has moved out as of April 15.
I want to release them from the lease but can’t repay security deposit. What sort of letter shall I send to them to make such an arrangement