Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on . Most recent reply

User Stats

11
Posts
7
Votes
Jignesh Savaliya
  • Rental Property Investor
  • San Antonio, TX
7
Votes |
11
Posts

Should I sign a 4 years lease with tenet?

Jignesh Savaliya
  • Rental Property Investor
  • San Antonio, TX
Posted

Tenet's current 1 year lease will complete in Aug 2021, tenant want to stay for 4 more years with reason of child school. so far tenet behavior is good in terms of Paying rent on time, Keeping property clean, Sometimes fixing things by them self and not disturbing other tenet.

Should I sign 4 years lease with rent increase ?
or sign 24 months lease with rent increase ?
or just stick to the yearly lease formate ?

Note: Property location is in North Austin TX area.

Most Popular Reply

User Stats

23,418
Posts
13,508
Votes
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
Votes |
23,418
Posts
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Just do a year....a 4 year lease doesn’t really obligate them to 4 years, they can break it and go at any time, but it Does commit you to it.

Loading replies...