Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago,

User Stats

10
Posts
3
Votes
Tyler Caruso
  • Randallstown, MD
3
Votes |
10
Posts

Baltimore County MBQ lease renewal question

Tyler Caruso
  • Randallstown, MD
Posted

A little background before my questions:

I have a tenant in a property that was my primary residence. I had renters warehouse place her because at the time, I was not interested in renting, I wanted to sell our first house and had not prepared myself for renting or anything that went along with it. My experience with renters warehouse was actually great. She is planning on renewing the lease (current lease ends 1/31/17) and I have spoken to her about a 25 increase in rent for next year to bring the montly rent to 1620 per month.

1 - What is the process through MBQ for rent increase. I'm sure whenever there is an increase, the tenant will only pay a portion of that increase and the voucher will cover the rest?

2 - can I use the original renters warehouse lease and have her sign something that says something along the lines of "I am continuing the original lease for 12 more months and agree to 1620 month for that period" or do I need her to sign a new lease for 12 months?

Thanks for all your help, since renting in February of this year, I have learned a ton on this webiste and listening to the podcasts has been very informative. What a great resource!!!

Loading replies...