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 about 7 years ago on . Most recent reply

User Stats

130
Posts
16
Votes
Nick M.
  • Rental Property Investor
  • NY
16
Votes |
130
Posts

Revoking lease renewal

Nick M.
  • Rental Property Investor
  • NY
Posted

Hey All!

Situation: I purchased a property in Nov 2016, inheriting a habitually late tenant. In December 2017 he was late and promised in Jan 2018 he would pay on time. Well, he's late again and claiming he will pay by 1/19/18. His current lease ends on 2/28/18.

Not knowing he was going to be late again on 12/30/17 I emailed a 60 day renewal letter indicating rent was going up and it was turning to month to month. In this letter he was given option to decline and leave by 2/28 or renew.  This same letter was mailed 1/3/18

Now that he's late I have no desire to keep him as a tenant. I do not want him to renew.

I am seeking to understand:
1) Can I show the apartment while he is an occupant (lease says so!)?
2) Can I revoke offer to renew in light of tenant being late on payment (lease says eviction proceedings begin on 10th day of month, with rent due by 5th)?
3) What should amended renewal letter state so he is out of apartment by 2/28 (or soon thereafter)?

Location of property/tenant: Philadelphia, PA

Most Popular Reply

User Stats

753
Posts
565
Votes
Amy Beth
  • Rental Property Investor
  • Edison, NJ
565
Votes |
753
Posts
Amy Beth
  • Rental Property Investor
  • Edison, NJ
Replied

I think you should consider hiring a property management company and let them handle it. The fact that you even sent a rent renewal option for a tenant whom is habitually late makes me wonder if you are suited for managing the property yourself. I understand that you now regret it because of the last late payment but if the tenant has already been habitually late it defies logic to have even given the tenant the option to renew in my opinion.

Loading replies...