Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

942
Posts
501
Votes
Marci Stein
  • Rental Property Investor
  • New York, NY
501
Votes |
942
Posts

Lease ends but tenant can’t move

Marci Stein
  • Rental Property Investor
  • New York, NY
Posted

My tenant ( an excellent one ) of 2 years informed me she will not sign a new lease and wants to move , however , since no one is showing apartments now she would like to pay month by month until crisis ends. 
 I don’t want to be insensitive , but if she moves after the summer it is extremely hard to rent out the house and could have a 6 month vacancy . 
Not sure if I have a choice in this situation- any suggestions?

Thanks!

Most Popular Reply

User Stats

2,834
Posts
3,901
Votes
Anthony Wick
  • Rental Property Investor
  • Ankeny, IA
3,901
Votes |
2,834
Posts
Anthony Wick
  • Rental Property Investor
  • Ankeny, IA
Replied

Of course you have a choice. It is your property. I would explain that you could be willing to go MTM, for an upcharge, but she will need to either sign a new lease on August 1, or move out. Make sure everything is in writing, with the appropriate notices for either a new lease or move out. 

It is true that you could not evict her right now, but that is not going to last, and if she's a great tenant I highly doubt she wants an eviction on her record. 

Even in these difficult times, do not let your tenant be the one in charge of your investment. You can be kind, supportive, and understanding, and still protect your investment. 

Loading replies...