Rental Moratorium ruining my plans

[Leroy Norris]

I bought a duplex in May, 2 tenants pay $325 under market, I told them I would honor they contract until it expires November 1, 2021… I had full intentions of letting their lease expire and renovating both units to hit the top of market, plus I pick the tenants…. Now this president has extended the eviction moratorium and I’m at a crossroads because it gives these tenants more rights to stay in place without being able to evict…. Should I just hold off on getting them out and be happy I’m collecting or take my chances that they will just move when I inform them…

[Patricia Steiner]

I hope you will send them a notice - in writing (email is fine) letting them know that:

"As we discussed, your lease will expire on November 1st.  Please let this serve as notice that your lease will not be renewed.  Prior to that date, please schedule a final walk-through of the property with me.  Contractors will begin working on November 1st so it is imperative that the unit be vacant including any and all personal belongings."  

The eviction moratorium applies only to tenants who are behind on their rent - not to those whose leases have expired or have lease violations.  I do recommend touching base with the tenants at the end of September to make sure they're packing up and getting ready to move.  

Move forward like it's "your ball, your court" because it is!  In the meantime, get your scope of work and contractors lined up so you can leave skid marks on that renovation and get it performing for you as soon as possible.

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