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Updated about 4 years ago,
Lease renewal and rent increase in COVID times
Hi everyone,
With lease renewals coming up , are you guys renewing it back to a Year lease with your tenants or just rolling it back month to month and why?
Also, i was planning on raising the rent by min 3% (25$) in my Tenants case. He has a job and is in good standing with me, but i inherited him when i acquired the property and the rent is def about 150$ under the market rents around the area.
Thank you!