General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago,
Incentivize tenant to move out on month to month lease
Hi, I am closing on my first duplex on Friday! My family and I are moving into one side that has a tenant that is month to month. We are planning on giving her an official notice, I have already spoken with the tenant about this, with a lease termination on this Friday. I know she legally has the right to 30 days for moving out but, we are wanting her out earlier to do some repairs before we move in. We are planning on incentivizing her with cash to move out by the 16th. I was wondering is there a good way to include the incentive in the lease termination or do I need to use a second document for the incentive? Thanks!