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Updated almost 7 years ago on . Most recent reply
Tenant Forgot To Exercise Option To Renew
I have a family currently renting one of my properties that had asked for the option to renew the lease for the first year. The lease had explicit language stating how to exercise the option, and it seems that they have forgotten to do so and missed the deadline. While they do pay on time, their month to month dealings have been pretty annoying and I would rather not renew. My attorney suggested starting a holdover petition at the end of the month, rather than giving them some sort of non-renewal notice. I'm wondering if this sounds right, and whether the tenants could try to counter us in court, and what your experiences are.
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"(B) Giving them a non-renewal notice and having them damage the property"
You have a business to run, you do not make decisions based on the very slim possibility of what might happen. If you do you will never make any decisions.
If you choose to operate out of fear renew their lease and live with it. This is a business.