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Updated over 7 years ago,
Review Renewal Lease with Current Tenant over the Phone
Hi BP!
Some of you may have already know, I just recently close a duplex that came with a tenant (the other unit is empty, thank goodness!).
Anyhow, the current tenant is on M2M lease. They have paid their July rent, and had asked where they can send their August rent.
Now, their rent is WAY below market rent. I have structured a lease for them, that I think they should accept. The deal is still much better than them going out there and find a new place.
I had almost mailed the new lease and a letter explaining why the increase (and back up paperworks showing where I got my numbers), until it dawned on me that I needed to go over this with them.
Now here is my question, is it okay to go over the lease terms over the phone with them? is it legal? or do I need to do this in person?
I can't seem to find this info anywhere.
Thank you in advance!