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Updated almost 9 years ago,
Short term rental premiums?
One of my tenants is requesting a three month extension to the lease so that he and his family have some time to buy a house.
I would prefer not to do this, but as a landlord, I do want to consider the needs of my tenants/customers.
Would you apply a premium to the monthly rent for this period?
What is a reasonable amount? $75, $100, 10% of the monthly rent?
Or, would you not apply a premium beyond normal market rent increases?
Thanks, Chris