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Updated about 1 year ago,
Negotiating with tenants who want 6 month renewal only
Got a tenant with a lease ending in March 2024. They are great tenants. We plan on moving into the property as a primary in early 2025, so it would be perfect if they renew for another 12 months. However, they stated they are considering other options and asked for a 6-month extension. The last thing I want is a turnover, and it will put our move-in plans in a tricky spot. I am considering trying to persuade them to 12-months with same rental rate vs a 6-months with higher rate. Or just do a hard stance on 12-months or have them move out?