Thank you both for your responses, I really appreciate it. Gail, I had figured it probably wasn't enough to terminate the lease, but I was hopeful. It's been a long road with this tenant and the most recent issue we've had over this broken piece on the wall oven has just been the last straw and left me looking for a way out. It'll be 2 years at the end of this lease and you wouldn't believe the lies and stories that this woman tells, she's a pathological liar. Just an example, according to her has had numerous types of cancer and multiple surgeries. One of which was shoulder surgery, yet she had no scars (i've seen her in a tank top/sleeveless shirt many times since) or limitations in her mobility immediately following the supposed surgery. I realize that's all irrelevant to the business arrangement I have with her, but I feel conned because she pulled on my heart strings to get me to rent to her to begin with and come to find out it was all BS. But that's another story.
FarmerJ, that's a good idea to get in and start making all the repairs now to get a jump start, and we considered it. But so far I've only asked to get the oven fixed because I started totaling up what I know needs to be done and thought, if I need to replace carpet too (it was brand new when she moved in), then I'm surely in the red after using her security deposit. Just the ordeal with the oven thus far has been the biggest back and forth battle and I got every excuse under the sun on why it's not her fault. Apparently, this metal piece on the oven door mysteriously just snapped in half and fell off when she opened the door. The oven is 4 years old, it's not like it's ancient and pieces are just falling off. And it was only used by my husband and me when we lived there, so I know it was well cared for, previously. Anyway, if we went in trying to make repairs, she'd surely be following us around with excuses and lame reasons why it's not her fault. Much easier to do the repairs once she's gone and send an itemized statement that she can take me to court for if she really wishes to contest it. And I will be at the ready with my 5 day pay or quit notice. Her rent is due the 1st, but she always pays on the 3rd, because I don't charge a late fee until the 4th. I learned that I can serve the notice on the 2nd, I don't have to wait until the 4th. So I will probably do this on her last month, as I'm thinking she may try to stiff me the last month, knowing that she's unlikely to get much of her deposit back anyway.
And Silverplum, I did respond to you the other day, but for some reason it didn't post. Thank you for the link. I had actually already seen it and did a lot of research before coming to this forum. My hopes in posting here were personal experiences or something more specific to my issue. But it's helped just getting peoples opinions and letting me think it through. Looks like I'm just stuck until May. But I do appreciate all the input from everyone.
Clearly, I am new to this. Fortunately, I did a lot of research beforehand and my lease is actually pretty great, very specific, and covers me very well. If I could do it all over again the only thing I would change is adding a clause that I could terminate the lease at my discretion with sufficient notice. Live and learn. And I have learned that "landlording" is not for me. haha I'm an accountant and knew that by holding onto this property for at least 2 years would allow me to write off a loss when selling it, not to mention getting to take depreciation and other tax benefits. But the market has improved over the last 2 years and we may actually stand to make a profit on the sale now. So hopefully I'll be out of this game soon. I'm 6 months pregnant and don't need this stress in my life! Thanks again, all. Have a wonderful weekend.