Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 almost 8 years ago on . Most recent reply

User Stats

13
Posts
4
Votes
Lamont Pelaez
  • Real Estate Investor
  • Saint Petersburg, FL
4
Votes |
13
Posts

Tenants need 5 day extension buying a bouse

Lamont Pelaez
  • Real Estate Investor
  • Saint Petersburg, FL
Posted
I have tenants whose lease is up on the 26th of this month. Their closing date is supposed to be the 19th for the new house they are buying but might get pushed back to the 26th. They would like to know if they could have a 5-day extension in the event that the closing gets pushed so they will have time to pack up, clean up, and move out. I'm not opposed to it but want to make sure that I am doing it the right way. Is it as simple as having them sign a 5-day extension with a prorated amount of rent or is there another option? Thanks in advance!

Most Popular Reply

User Stats

28,065
Posts
41,072
Votes
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,072
Votes |
28,065
Posts
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

I'm with @Deanna McCormick: ask them to sign through the end of the month. If they are out earlier, great. If they need extra time for moving or cleaning, you have it.

A one-page, short addendum would suffice. Be sure to spell out the prorated rent for the extra days and their specific move-out date. Require payment up front, in full, at the time of signing.

  • Nathan Gesner
business profile image
The DIY Landlord Book
4.7 stars
165 Reviews

Loading replies...