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Updated almost 7 years ago on . Most recent reply

User Stats

15
Posts
2
Votes
Lucy A.
  • Flipper/Rehabber
  • Alpharetta, GA
2
Votes |
15
Posts

Re-screen existing tenant before lease renew

Lucy A.
  • Flipper/Rehabber
  • Alpharetta, GA
Posted

Hi all,I have a tenant who has paid late a couple of times this last year. They have, however, paid the late fees without complaint, and have not been more than 7 days late. They have requested a lease renewal when theirs terminates.

I was considering it only if they re-apply for background checks, credit checks, and validation of income. 

What would others do?

Ty

Most Popular Reply

User Stats

44
Posts
16
Votes
Dan Hatch
  • Investor
  • Milton, FL
16
Votes |
44
Posts
Dan Hatch
  • Investor
  • Milton, FL
Replied

In the new lease raise late fees and if market allows rents. The tenant is a higher risk when paying late and probably is small mishap from a financial collapse

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