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Updated about 9 years ago,

User Stats

127
Posts
21
Votes
Will Bert
  • Brooklyn, NY
21
Votes |
127
Posts

To lease or Not to lease that is the question

Will Bert
  • Brooklyn, NY
Posted

Hi BP I was speaking to a local Real Estate Lawyer who advised me not to give a lease. He says it doesn't do the landlord any good. He said that he gives the best rental price which is the lowest and tells the tenant to look at other places and prices then tells them his rules. He told me that if a tenant has a lease and is a professional bad tenant they will not pay go to court pay then do the whole thing again and the lease protects them. If they don't have a lease you can move to evict a bad tenant because they have no legal right there.. His place is duplex..

I also asked my banker and he told me the same thing. He said he gives his tenants a Rider with the rules but no lease.

Both of them said if the tenant doesn't want to stay they can leave as long as they don't destroy anything they get there deposit back and if they don't want the tenant there they can tell the tenant to leave. They both said becarful with the tenant who ask for a lease.  

Any opinions on this?????...

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