TENANT ISSUE: NEED ADVICE

[Javier Sanchez]

So per my lease my tenants need to inform me of the intent to continue month-to-month tenancy with 60 days of lease term and within 30 days of lease term for termination. The property has 4 tenants (college students) and the lease ends on May 31st. Two of the tenants said they would move out per the lease. The other two sent me a text in March stating they needed a 1-month extension. Which I thought was the end of the story, but now they just informed me that they plan on moving out on May 31st as well. This puts me in a bad position, because I have not started marketing the property yet because my understanding was the last two tenants would be staying until the end of June. What are my options in this situation?

[Andrew B.]

Treat it the same way you would treat any broken lease. Let them know insufficient notice was provided, and they are responsible for rent until June 30. Then let them know that if the place is kept clean and they work with you for showings, you can re-rent it faster and they will only be responsible for any days not rented.