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Updated almost 7 years ago on . Most recent reply

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Lawrence Liao
  • Real Estate Investor
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Tenant request for M/M lease due to home remodel

Lawrence Liao
  • Real Estate Investor
Posted

My tenants lease currently end in August. They wish to move to a Month/Month lease to give them flexibility as they are nearing completion of their home's remodel. They are projecting a completion date of October but in my experience complete remodels tend to lag. Although they are willing to pay more for M/M, my biggest fear is that they end in November then i would have to rent out my place during holiday season which I assume would be extremely difficult. Im wondering if the best move is to  go with the M/M but advise that i would not be willing to further out than October.

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