Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 13 years ago on . Most recent reply

User Stats

798
Posts
214
Votes
Jon K.
214
Votes |
798
Posts

Tenant wants year lease; I want month-to-month. What do I do?

Jon K.
Posted

Tenant is relocating from another state.
Has good enough rental history, but has a[b]large bunny.
I have never met this tenant, as they are moving out of state. [/b]

Tenant's new employer requires a one year lease so tenant can get relocation package from their employer.

I don't want to give a one year lease to someone I've never met, especially who has a bunny. This is a roommate/shared living situation.

How can I appease their new employer's request for a one year lease... without a one year lease? Or with some sort of 30 days notice out clause for me?

Could I make a lease, let them have a copy for their employer, then make a lease addendum that adjusts lease to month to month? Somehow it doesn't sound like I can/should do that. Can I, legally, of course? Aren't lease changes and lease addendum common? Could I put on the month to month lease that "desired move out date is: January 2013"? Tenant has made every indication that they are overjoyed to have this employer and wishes to stay here at least a year.

I don't want a year lease... I want a month to month since month to month seems to give me an upper hand.

It seems like there are many more advantages for a month to month lease for the landlord. I don't want them here (due to them not being a good tenant or shared living occupant/roommate), they're out.

If tenant is messy, bad roommate, not a good roommate match, etc... .with monthly lease, I can just give 30 days notice and they're out.

It's too close to their move-in date to likely find a new match before then.
This tenant sounds like a good match to the other roommates... but I don't like yearly leases. I want an easy 30 days notice clause if they're not a good match or a good tenant.... especially with a large bunny.

Any advice? Ideas appreciated.

Most Popular Reply

User Stats

1,338
Posts
684
Votes
Steve L.
  • Investor
  • Rancho Cucamonga, CA
684
Votes |
1,338
Posts
Steve L.
  • Investor
  • Rancho Cucamonga, CA
Replied

Just do a one year lease and make an addendum saying with 30 day written notice either party can cancel the lease. That should be fine and accomplish both goals.

Loading replies...