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Updated almost 5 years ago,
San Francisco rental - month to month or other new law impact
Hi all!
We have a condo built after 1979 (year built was 1997), with tenants expiring with their one year lease soon. We are considering whether we continue with a month to month lease or offer a short term renewal (2 months). A few questions:
1) are we legally obligated to offer month to month or can we either terminate or sign a short term extension? Lease now cites it goes to month to month unless terminated or new agreement executed
2) how do laws for removing tenants or notice period change given tenants would have stayed beyond one year? I believe I've read it would be 60 days notice by landlord or 30 days by tenant given tenants have been there for more than a year. Is this true? Are there any other concerns given tenants would have stayed more than a year?
3) are there any other concerns of using month to month instead of a short term renewal (beyond the lower certainty for us as landlord)?
4) there have been new rental laws passed in California for properties older than 15 years which I believe would apply to this unit. Does this new law change our considerations?
At the moment, we are likely going to do month to month or sign a 2 month extension, but wanted to be aware of the pros and cons. Going to try to speak to a real estate attorney next week but not sure can get someone in time to respond diligently to tenants. Many thanks!