Updated almost 5 years ago on . Most recent reply
Lease renewal after a fire?
Hello all and thanks in advance for your advice. In a triplex building, one of my tenants caused a grease fire in one of my units by walking away from frying bacon in an air fryer (admitted by the tenant) which caused major interior damage to the unit only because they mismanaged the fire poorly by turning on the vent-o-hood and opening the back door. The tenants had renters insurance (I ask that all my tenants have insurance) as well as my insurance.
My question is on renewal. Their no longer able to live in the unit and have been placed in a hotel while the repairs are made. The current lease is up at the end of October of 2021. My thinking is to not renew their lease because of the increased risk here. What are your thoughts?