Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

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.
Managing Your Property
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 2 years ago on . Most recent reply

User Stats

26
Posts
15
Votes
Pamela W.
  • New to Real Estate
  • Burlington MA
15
Votes |
26
Posts

Tenants ignore lease renewal/increase letter

Pamela W.
  • New to Real Estate
  • Burlington MA
Posted

My tenants' lease ends Aug 31, and although they pay on time and take care of the house, they have been high maintenance, literally, from day one, and their usage of heat and water is much higher as well. The cost of oil, water, and trash pickup has increased, so I increased the rent 8%, the rate of inflation, and sent a renewal notice stating the increase via certified mail with signature receipt, and they got it July1, 60 days before the end of the lease, as it states that either party must give 60 days notice. I asked them to respond by July 7... and I have heard crickets.
They have been highly communicative when they want to complain about something.
I am assuming they are trying to buy a house, as they were priced out last year and ended up renting from me, or they are looking for a better deal, unlikely from what I see, as there are no homes and few decent apartments for rent in the immediate area. I would not be unhappy to see them leave, but would like to plan for upgrades that really need to be done when the house is vacant, and that takes some lead time to setup. My question is, what should I do in light of their non response. Wait a few more days, or until the end of July to start texting them, or just tell them I plan to start showing the house as they have not agreed to the increase. 

Most Popular Reply

User Stats

7,603
Posts
9,495
Votes
Bill B.#1 Real Estate Deal Analysis & Advice Contributor
  • Investor
  • Las Vegas, NV
9,495
Votes |
7,603
Posts
Bill B.#1 Real Estate Deal Analysis & Advice Contributor
  • Investor
  • Las Vegas, NV
Replied

Hopefully you converted them to MTM at the end of the lease and not another year? 8% rent increase is beyond  generous 20-30% has been the rule here. If it is MTM, assuming they pay the new rent, give it 6 months and raise it another 8% with proper notice. If it’s a year’s renewal you’ll have to check with a local expert as to if you made a legally binding over even before they return it. If not, simply notify them you’re revoking that offer (again after the local expert says you’re giving enough notice.)

Loading replies...