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Updated about 1 year ago on .

User Stats

6
Posts
0
Votes
Kyle Ratzlaff
  • Rental Property Investor
  • Houston, TX
0
Votes |
6
Posts

Long Term Lease

Kyle Ratzlaff
  • Rental Property Investor
  • Houston, TX
Posted

Fairly new to real estate investing but have several properties now.  My latest listing has an applicant wanting a long 3 year lease.  I've only worked with 1 year leases and don't want my rent to be locked in without the ability to increase for three years.  This is a well qualified tenant based on background check and income.  Are there any options that would allow me to evaluate and increase the rent part way through a lease?  My agent says they don't have the ability to add something into a lease that would allow for rent increases.  The tenant doesn't want to have a 1 year lease for potential of being asked to make a move.