General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago,
Month-to-month no lease tenants
I've been seeing a lot of properties with no lease month-to-month (no prior/expired lease) tenants in place (for example, in a basement. What would compel a landlord to take on a tenant without a lease (other than extra rent)? Do you just tell the tenant that you have a space they can live on the cheap, no credit check, no background check, LL can raise rent whenever he/she wants, and you need to leave with 30day notice? Again, this seems very common in the outer boroughs of NY for low income families, and am just curious. is eviction easier than for a tenant with an expired lease, for example?