Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 almost 13 years ago,

User Stats

2,498
Posts
280
Votes
Bienes Raices
  • Orlando, FL
280
Votes |
2,498
Posts

Going month to month at end of 1 year lease

Bienes Raices
  • Orlando, FL
Posted

My lease states that it goes month to month at end of the one year term.

My experience so far has been that tenants want a new one year lease, rather than month to month, because they're afraid of being told to leave or having the rent increased.

Normally I would offer the option of a new lease, but these particular tenants have been late (beyond the grace period) with the rent a couple of times now, and there have been a couple of other minor issues.

Would you take a chance on them moving out because of the lack of a long term lease, or take a chance of a future eviction/unpleasantness on a new one year lease, if things continue to go south in terms of on-time payments?

Thanks.

Loading replies...