General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
What would you do? Lease renewed and they lost job
Hello
I have a tenant who signed a 1 year lease and it renews for another year at expiration without 30 days notice, not month to month. I clearly told them at the signing and also stated in the lease.
It renewed on 4/1/16 for another year. I get a call today and he said he is losing his job and cannot afford the place and wants out.
How would you handle this situation? I have last month rent and security. Last month rent is for the 11th month of the lease expiration and clearly stated in the lease.