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Updated almost 8 years ago,
New Lease Contracts @closing????
I currently own a handful of rental properties with great tenants and the purchase/closing of them were uneventful. I am in the final stages of closing on a quad that is currently full. The previous landlord structured the rent/utilities in the lease so the tenant pays $750 a month for rent, water, electric and sewer/trash. I have decided I am not going to pay for utilities, I don't at any other properties and wont here either. The option I am going to give them is decreasing the rent to $650 with no utilities. My plan is to sit down and convey this politely and professionally to each. Inform them I value them as a tenant and don't wish that they leave, however there are going to be a few growing pains. So my question is, in the worst case scenario they don't sign a new lease and they wont leave, how can I file for eviction without a current lease? Or at that point is it criminal trespassing and can have them removed? How can they be removed if that's needed?