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Updated about 1 year ago,

User Stats

130
Posts
91
Votes
Jimmy Chao
  • Investor
  • Los Angeles, CA
91
Votes |
130
Posts

Negotiating with tenants who want 6 month renewal only

Jimmy Chao
  • Investor
  • Los Angeles, CA
Posted

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? 

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