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 over 4 years ago,

User Stats

3
Posts
0
Votes
Steve L
0
Votes |
3
Posts

Automatic lease renewal - College students

Steve L
Posted

I rent out a house in NJ to college students(6). They sign a yearly lease (June 1st - May 31st) with no automatic renewal. i usually ask the tenants in the beginning of November if they wish to renew for another year, otherwise i will start advertising.  For college rentals, it is best to start advertising as soon as possible. if they want to renew, i have them sign a lease renewal form.  My Question is, my daughter is currently in college in PA and her lease says "upon expiration, this agreement shall become a year to year agreement automatically, unless tenant notifies owner in writing at least 130 days in advance to expiration that they do not want this agreement to continue". Do i want to add something like this into my lease or should i just stick to asking  them in advance.  Also how many days in advance should i do.  

Loading replies...