New Lease Agreement Date - property is currently occupied

[Stephanie Gledhill]

I found a new renter for my property. I am giving increased rent $200/mo back to current tenant for finding future renter. Current lease is month to month. Renter is looking for home out of state and gave me a move out date of 4/15-5/15. New renter said they can move in when current tenant vacated the property. Question is: when would the new lease start date be? I want to take deposit and get a signed lease now as new renter wants to secure this place also?

Do I just pick a date of 5/15 and tell current tenant they must move by this date? I want to make this work for all. New renter will put their place up for sale also. Lots of moving parts.

Thank you for your advice (first time self manager). You guys are awesome.