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Have you ever heard of a landlord raising the rent but offering the tenant a "rebate" if they move out within a certain time period? Like maybe if the landlord and tenant are on very good terms and the landlord doesn't want to be pushy?
Sounds like the LL is trying to entice the tenant to leave faster so he can get higher rates.
I'm leasing to someone for what we discussed would be 1 to 2 years. I was contemplating what I would do if it gets close to 2 years and they were wanting to stay longer.
That would be convenient for the tenant but not for the landlord. When the landlord rents a room, he is not actually selling the number of days to be used but the opportunity of the number of days to be used. If there is like 5 days left in the month before the tenant moves out, it is difficult for the landlord to get paid for that 5 days by finding some other tenant.
I'm leasing to someone for what we discussed would be 1 to 2 years. I was contemplating what I would do if it gets close to 2 years and they were wanting to stay longer.
If you have a fixed term lease/contract with them then you shouldn't have to worry about any of this. It ends when it ends unless you decide to draw up a new contract at that time. If you don't have a fixed term lease/contract drawn up or any contract at all, then you could definitely be setting yourself up for some needless problems/issues.
That would be convenient for the tenant but not for the landlord. When the landlord rents a room, he is not actually selling the number of days to be used but the opportunity of the number of days to be used. If there is like 5 days left in the month before the tenant moves out, it is difficult for the landlord to get paid for that 5 days by finding some other tenant.
I'm not going to be finding another tenant. I want to move back in when done renting to this tenant.
I'm leasing to someone for what we discussed would be 1 to 2 years. I was contemplating what I would do if it gets close to 2 years and they were wanting to stay longer.
If they want to stay and they are good tenants let them stay. You need to simply figure out if you want your existing lease to convert to month to month or yearly when the initial term expires and comes up for renewal. And if you want to raise rent. For example my leases are usually 1 year then month to month. I'm not a huge fan of yearly rent raises.
Just saw you want to move in. Simply do a closed end lease and send notice 60 days before the end of term as a reminder.
If you want them out sooner than last day of lease agreement, you can offer to prorate the time they are there.
It is CA do go find out if you have any just cause laws. Again you should have hired a property manager for this when it comes deposit time it will be invaluable to you.
It is CA do go find out if you have any just cause laws. Again you should have hired a property manager for this when it comes deposit time it will be invaluable to you.
Relax. I hired a lawyer. The lease is only renewable by mutual agreement under separate agreement. I would never shell out thousands of dollars for a property manager when I can hire a lawyer by the task.
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