General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago on . Most recent reply
![Scott Esmail's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/668330/1621937395-avatar-scottr127.jpg?twic=v1/output=image/crop=681x681@0x0/cover=128x128&v=2)
Do you charge tenants a lease renewal fee and if so how much?
I manage my own properties in Orlando Fl an own my own property management company. In the past I have not been charging a lease renewal fee when the past year lease expires. I have been just letting the leases go month to month with a rent increase if needed. I have noticed that others prop management co's are changing a lease renewal fee making tenants sign up on another 1 year lease when the prior lease expires. If this is something you do what would you say is a fair lease renewal fee to charge. I a have seen multifamily complex charge as much as $200. I rent single family home and the rent average is about $1100 per month.
Most Popular Reply
![Rumen Mladenov's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/227672/1621434638-avatar-rauling.jpg?twic=v1/output=image/cover=128x128&v=2)
Seems like a terrible idea to me. I want my tenants staying longer, and I actually give them incentives if they do. To charge them for saving me the headache of a turnover seems beyond stupid.