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Updated 15 days ago, 11/14/2024
Taking over an existing lease with addendums, RBP, BPP.
To simplify the existing lease I thought about asking the tenant if they would be ok modifying the addendums to get rid of the resident benefit package and the building protection plan. I will insure the property as a non-owner occupant. Does anyone have an objection as to why I should continue with these services? I would have to get with the property manager and mimic the exact plans they have set up in the lease, all of which were probably customized by the PM to get a few extra dollars. Just seems like unnecessary work. I'd rather simplify the lease and then raise then rent at lease renewal. Thoughts?