General Landlording & Rental Properties
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,
Tenant requesting 6 month lease.
<------Newbie here.
Yearly lease is up next month. PM tells me the renter is asking for a 6 month lease that would end September, instead of a yearly lease. Is it hard to find renters before the holidays? 6 months is a lot better than Month to Month right? She's never late and is a good renter. I was thinking I can keep rent same or raise the rent a few bucks for the 6 months. I also thought of lowering it significantly for a 1 year lease. Then again if she takes the last deal she can possibly leave in 6 months anyway.
Im leaning towards agreeing to the 6 months and offering a 1 year lease with a big discount in rent. And let her decide. But i wanted to know if there are any other options i'm missing?
Thanks in Advanced.