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Updated about 7 years ago on . Most recent reply

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49
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Lauren Keen Aumond
  • Investor
  • Tarpon Springs, FL
11
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49
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Medical Clause in Lease

Lauren Keen Aumond
  • Investor
  • Tarpon Springs, FL
Posted

My tenants in a SFR are a retired couple, in their 70's. They signed a 1-year lease last April and have expressed interest in renewing (yay!). They want to change the lease this time to include "an escape clause in the event of needing to move because of a medical event with 60 days notice." In theory, I have no problem with this because 60 days is quite a bit of time. In reality, though, how would we define a "medical event"? Why even sign a 1-year lease if they can leave with 60 days' notice?

Any advice you can offer is appreciated. Thank you.

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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
15,009
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied

I would nail down medical event a little. A common cold is a medical event.

  • John Underwood
  • Loading replies...