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Updated over 10 years ago on . Most recent reply

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Jon Huber
  • Rental Property Investor
  • Boca Raton, FL
706
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1,846
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Jan 1st lease? Should I do a 6 month?

Jon Huber
  • Rental Property Investor
  • Boca Raton, FL
Posted

I am purchasing a property that is about to close mid to late-November. I will need a couple of weeks to get it rent ready, so it should be good to go by mid-December. I doubt anyone is moving in around Christmas, so lets assume I have a January 1st lease start date. As I understand it, this would be one of the worst dates to have a yearly lease renewal.

Should I suggest a 6 month lease? Of course, I will explain how this is mutually beneficial as they get a short lease as a trial to see if they like the property. Then I will have the renewal July 1st. 

(Fun fact: Property is in NJ, so I would want to avoid people moving in the snow)

Has anyone else done this?

  • Jon Huber
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