Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 7 months ago on . Most recent reply

User Stats

10
Posts
3
Votes
Craig James Conrad
  • Charlotte, NC
3
Votes |
10
Posts

Lease expiring, couple is splitting up -- Each wants to renew on their own

Craig James Conrad
  • Charlotte, NC
Posted

I lease out a place occupied by an unmarried couple and a young child belonging to one of them.  The lease expires in couple months.  They are not getting along and one has told me they plan to leave the relationship.  I'm sure that each one wants to keep the place on renewal though, obviously, not together.  Together, it worked out for me as their combined income allowed them to always make rent.  However, one of them is much more responsible and a much better financial risk (I'll omit details). I would be content to let that one remain by themself, but not the other one by themself.

It will be awkward to tell them that, as they aren't renewing *together*, I am not renewing the lease as it is, but that I am offering it to just one of them.  Anything I need to be particularly cautious of before I communicate this to them?

Most Popular Reply

User Stats

2,100
Posts
4,949
Votes
Greg M.#2 General Landlording & Rental Properties Contributor
  • Rental Property Investor
  • Los Angeles, CA
4,949
Votes |
2,100
Posts
Greg M.#2 General Landlording & Rental Properties Contributor
  • Rental Property Investor
  • Los Angeles, CA
Replied

Unless local laws say otherwise: Notify both of them that the lease is not being renewed. Be mindful of how long in advance that you must notify them of this. At the same time, notify both of them they they are free to apply for the unit individually. Select the better candidate.

Loading replies...