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Updated 9 minutes ago on . Most recent reply

User Stats

10
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3
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Shahrzad Amin
3
Votes |
10
Posts

Lease renewal time for tenant

Shahrzad Amin
Posted

Hello BP community!

I am a rookie landlord, and my tenant's yearly lease is up in a couple of months. They are requesting to go month to month at the end of the lease term, I am okay with allowing them to do so with a slight increase in the monthly rent (My current lease does have an automatic renewal clause that would be month to month if no termination notice is received by end of the lease term, I just need an addendum to increase the rent amount). My current lease contract was drawn up by my realtor and they did that as a favor to me. I have found addendum templates online that I could use to extend the lease month to month, but I would feel more comfortable if someone with a legal background put the contract together for me. I don't necessarily need a full time property manager, as I have been able to handle my tenant's requests by myself so far. Should I hire one time legal help just for the paperwork? if so, are there any recommendations? 

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