Do a short or long term payback agreement for Tenant who is behind?

[Timothy Heck]

Hello,

I have a tenant of my parents who is now 3 months behind, their lease is up in 3 months.  It was 2 brothers and their mother and the mother has moved out.  As well one brother is a trucker who has said the loads are slowing down.  Bottom line their income is down and I don't see signs of getting better as the economy slows down.

Should I offer a payment plan to the end of their lease or give a longer timeline?  Or just keep it short to look to evict?

I've heard its a landloard market so i shouldn't worry about getting someone maybe late summer or fall.  This is not in a great town but close to NYC and they have some new condo buildings that are renting for $400 more than ours currently, our building is 15 years old, not luxury but definitely modern.

[Richard F.]

Aloha,

If Mom was on the Rental Agreement to begin with, she (along with the brothers if they were named on the Agreement and of age) is still responsible unless you either specifically removed her from the Agreement in writing, or you have no written Agreement to begin with. Either way, definitely do not give them a pay back period longer than the current term, and do not renew them; give them the notice per local law of non-renewal and the need for them to vacate.