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Updated over 8 years ago,
Lease Termination / Renewal options
Hi:
I bought a rental in NJ Nov'2015 - it was already occupied. The tenants are good and had no problems signing a new lease from Nov till Jun 30th.
Now they want to do month to month - which for me is not feasible. I am unable to reach them - they are not picking up phones / nor answering the door.
I would like to give them 2 options -
- Renew for 1 year (same terms as existing lease -- I got a standard residential lease from staples)
- Vacate the place
Is there any standard / legal cover letter that I can send via postal mail ?
Is there a minimum notice period that I will need to give them ? (nothing is mentioned in the lease)
I'm a rookie at this still :) - so any help will be much appreciated.
Thanks
Sam