General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago,
Lease renewal terms
Hi everybody,
I have a question about extending a house lease. Usually the tenants extends the lease for a year but this year they are asking to extend the lease for 6 months because they might buy a house. They gave me another option which extending for a year but they can inform me 3 months earlier.
Are there any disadvantage for doing this? Should I insist on a one year term?
Thanks so much,
LS