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Updated almost 12 years ago,
How would you respond to this tenant question?
I have a tenant with 6 months remaining on a 2yr lease. I received an e-mail last week asking me what the renewal rent would be for a 1yr lease and for a month-to-month tenancy. I have never had a tenant ask for this info so far in advance. I gave numbers that would be acceptable to me. I don't really care too much whether they stay or go as I don't anticipate any downtime or repairs (perhaps some light touch-up on paint and some cleaning). They have been very good tenants - it just seems odd to be looking that far ahead. I assume that they are house hunting.
btw - do you normally let the lease convert to month to month OR do you require a 1yr renewal? I normally require a 1yr renewal. I think a month-to-month tenant should pay more as I could get stuck with them leaving mid-Winter.