Lease duration -- other than 12 months?

[Maria G.]

Hello,

I was wondering if there is any disadvantage to having an 11-month lease, instead of a 12-month lease. I had the perfect lease start time and end time but I let my renters do an extra month at the end of their lease (after staying for two years) and I feel that an end date of end of September is better than an end of October, in terms of catching college students, etc.

What do you think?

Thanks!

[Thomas S.]

The perfect lease is M2M. Tenants never honour a lease when they need to move and M2M allows you control over your property. M2M also solves the problem of having winter and summer rates. You adjust the rent when ever you choose.

A lease has no bearing on how long tenants stay but may prompt them to leave.