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Updated about 5 years ago on . Most recent reply

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1,451
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462
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Sam Leon
  • Investor
  • Fort Lauderdale, FL
462
Votes |
1,451
Posts

Not renewing a lease - do you owe tenant an honest explanation?

Sam Leon
  • Investor
  • Fort Lauderdale, FL
Posted

One year lease about to be up and I am not renewing.  Tenant has been a real pain to deal with.  Too many lies and excuses, you know what I mean.

Now do you tell the tenant why you won't be renewing?  Or do you make something up like you are considering moving in yourself, or you need to do some major renovations, or you might make it a short term rental, etc etc etc...it's not the confrontation I worry about but I don't want to risk property damages out of spite.

Most Popular Reply

User Stats

124
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148
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Aaron Flake
  • Real Estate Agent
  • Mukilteo, WA
148
Votes |
124
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Aaron Flake
  • Real Estate Agent
  • Mukilteo, WA
Replied

Raise the rent a significant amount. Then they won't want to sign a new lease, or they'll be paying you for the headache they're causing. Just another thought. 

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