Updated about 2 years ago on .
Long Term Lease
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.