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Updated over 8 years ago, 04/20/2016

User Stats

62
Posts
12
Votes
Joe Conklin
  • Investor
  • Blackwood, NJ
12
Votes |
62
Posts

Housing Situation

Joe Conklin
  • Investor
  • Blackwood, NJ
Posted

I have a situation and am here to see a clearer picture of it.  Let me first mention that I rent for my primary housing and also have a rental that I rent to tenants

To keep it short and sweet...

I signed a lease and put down funds to hold a rental in mid April to occupy a unit in mid July.  The  current tenant previously gave notice that they were leaving and was moving out June 30th.  Property Management company has a 90 day notice window that the tenant has to give if they don't want to renew (compared to typical 60 days).  I would think that that the same length of time would apply if they mentioned that they wanted to move out and then changed their mind to stay.

I get a notification today from the PM saying the tenant mentioned that they want to stay and they are trying to find me another unit.  For simple math the tenants gave 2.5 months notice before their lease ends that changed their mind and want to renew

I have not followed up with the PM yet because I am weighing my options.

My opinion is that this is not my problem because the current tenant did not give enough that they planned to renew their lease.  They gave notice to the PM that they wanted to stay less than 90 days before their lease ends. 

I think its the tenants issue really and the PM has to uphold the rules of the lease.  Any thoughts on the situation?  Firm stance or accept what they are telling me?

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