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Updated over 4 years ago,
House hack with inherited tenants and fully occupied
Hi,
I'm currently in a contract for a house hack with inherited tenants. Question is, both tenants are on month to month leases but have been there for more than 5 years. Unit A (5 years) young student tenant, Unit B (20+ years) old 60+ year old. What's the best way to approach that I need the more outdated unit to be empty after closing? The other unit seems to be stable and not outdated (Unit B).
Here's what I'm thinking:
- - On closing, will send them that I'm the new owner/manager of the place
- - I'll give a 30-day notice to the outdated unit (Unit A). Not renew the lease anymore.
- - I'll make the other unit sign a month to month lease under my contract for a trial before I decide if I should keep/not. (Unit B)
What do you recommend that I should do?
Should I do both units empty after closing instead? I don't mind vacancy for now anyway since I need to renovate some things in Unit B too plus the mortgage payment was higher than my previous apartment rents.
I know that coronavirus related items are that eviction is withheld until December if it's related to COVID but I'm not renewing Unit A's lease anymore so I don't think there's a reason for a CDC exemption.
Thanks