One year vs Six month

[Rashad A.]

Hi My tenants reached out to me today for lease renewal and instead original one year they want 6 month lease. They wouldn’t like to move out in the middle of school year. I briefly told them 6 month rates are different. Of course they would like to keep same rate. I need you guys to help me decide with this lease renewal and rates. Original rates $1800 per month. zip code 77450 Thanks Rashad

[Colleen F.]

Sounds like they will plan to move so while i cant help you with the rate make sure you have a good notice period. Since it is a 6 month renewal you could do a regular increase plus fee per month for the convenience or a maybe a one time fee for a short lease.