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Updated about 10 years ago,
Mid Lease Rent increase?
I am buying a house with a renter currently in it. He originally was going to move out but now wants to stay for another 5 months. I want to give it to him at his current price for 2 months and then raise the rent $100 starting month 3. This would still have him under market by 100 to 200. Does anyone see any legal problems with this?
Would I be best to just sign a 2 month lease and then a new one afterwards?
I think he is concerned I am going to force him out and not honor what I told him I will do.
Thanks!