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Updated 9 months ago on . Most recent reply
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Terminate Lease with inherited tenant
I recently bought my first duplex. I inherited a tenant whose lease ends by August 1st. We talked and they asked if I would be increasing the rent I said yes to $925, they were originally paying $825. Market rent is $1,000. I told her the amount and he is an older man who lives off her social security check. He asked if it was okay for her to pay $900 for 6 months & then $925 the other 6 months. I said it was fine, there was no lease signed or anything. Well I moved in and got roommates, I made the error of giving them my number so now I get a text with complaint for any small thing. I want to know if since I agreed to the amount on rent but did not sign a lease. Do I need to continue to sign a lease for another year or am I able to give them the 60 day notice to leave the property once they’re lease is up?
Any advice would be very Much appreciated.
Most Popular Reply
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- Rental Property Investor
- College Station, TX
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I agree with @Kevin Sobilo. From your tenant's perspective; you purchased the duplex, jacked up his rent, and moved a bunch of people in next door. Im sure he's adjusting to this change in his life and is himself a bit annoyed. Likely this will die down and he won't reach out as often.
As a side note, all my tenants have my personal number. Rarely is it an issue.
- Gregory Schwartz
- [email protected]
- 443-812-0357
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