Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 7 years ago,

User Stats

912
Posts
107
Votes
Patrick Philip
  • Florida
107
Votes |
912
Posts

What if my lease says nothing about notification of non-renewal?

Patrick Philip
  • Florida
Posted

I manage a trailer park. We are considering selling the land and all the trailers on it. Therefore, we would not renew leases when they expire. Our lease doesn't have any guidelines for this, and the Florida Statutes simply says to refer to the lease. What are the rules here? I don't want to give them too much notice because then they will just stop paying. But I don't want to just tell them 3 days before the fact, either.

I think a good solution would be to tell them right after they pay the final month's rent, but there is one problem with that. Often, the tenants don't pay on time and I collect late fees. Plus, once I tell one of them, the rest will know anyway unless I cleverly disguise it as if I'm just selling individual trailers until they are all gone

Kind of reminds me of the story of Walt Disney buying all that land in Central Florida for Disney World under dummy corporations. Even though it's completely different, it still reminds me of that somehow.

Loading replies...