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Updated over 1 year ago,
2 year lease good or bad
I have a Good tenant in Brevard County Florida. This person pays on time and takes good care of the property. The rents in the area have been going up lately. It's possible to get $1400/month for the unit. The tenant currently pays $1000/month. I would like to keep the tenant in the unit and have informed her that the rent would be increasing at the end of the lease to $1250/month. the tenant has stated that she could stay at that rate but could not afford any further increases and requested a two-year lease at $1250/month. What are your thoughts on using the two-year lease?