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Updated over 4 years ago on . Most recent reply

Account Closed
  • Investor
  • Columbus, OH
1,771
Votes |
861
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Eviction moratoriums: switch to m2m lease, terminate on nonpay?

Account Closed
  • Investor
  • Columbus, OH
Posted

I am a landlord in a C/B- type area of Columbus, Ohio.  I am seeing all the eviction moratoriums and the real likelyhood that our economic woes are about to get worse. However, I still want to stay in business and keep renting out properties as they become available.  I have units on the market now, and talking to tenant applicants has been eye-opening in how many are in really severe times, and those are the ones willing to be open and honest. 

If it would be effective, I want to switch to month to month leases which I would just terminate on nonpayment in the event we get into a long moratorium. Then I would be evicting for overstaying the lease, not necessarily the nonpayment.  

Thoughts? Are moratoriums also covering overstaying lease terminations?  Because I want to keep good tenants, I'd offer a fixed price for the first year, but not sure if that somehow affects the contract.  Thanks for any thoughts you may have. 

Most Popular Reply

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Cassi Justiz
  • Rental Property Investor
  • Edmond, OK
1,594
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1,460
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Cassi Justiz
  • Rental Property Investor
  • Edmond, OK
Replied

I would try to get in touch with a local real estate attorney in your area. There are all sorts of fun quirks with the Cares act and local restrictions. I asked an attorney in my area about this the other day. He said there may still be some loopholes in the tenants favor and you could have issues getting a judge to rule in your favor if the tenant shows loss of income or inability to pay. 

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