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All Forum Posts by: Account Closed

Account Closed has started 12 posts and replied 33 times.

Post: Offering a 6 month lease to good tenant?

Account ClosedPosted
  • NJ
  • Posts 33
  • Votes 3

I’d love to keep them. Mainly just worried about the November turnover but I’ll just cross that Bridge when I get to it. 

Post: Offering a 6 month lease to good tenant?

Account ClosedPosted
  • NJ
  • Posts 33
  • Votes 3
Originally posted by @Thomas S.:

I prefer M2M for all my tenants. It gives you much greater control over tenants especially inherited tenants.

The length of time tenants stay is not related to the length of their lease. They all leave when ever they want or need to go. There is a reason why they asked for a 6 month and what you offer them will have no impact on that. If they are planning to leave in 6 months and you force them to sign a one year they will simply break it when they need to leave.

I would leave them on M2M and require that they give you 60 days notice. 

 I wouldnt give them a year lease. Either 6 month, M2M or find new long term tenants. Just not sure the benefit of M2M over 6 month if they are leaving in 6 month anyway. 

Post: Offering a 6 month lease to good tenant?

Account ClosedPosted
  • NJ
  • Posts 33
  • Votes 3
Originally posted by @Thomas S.:

I prefer M2M for all my tenants. It gives you much greater control over tenants especially inherited tenants.

The length of time tenants stay is not related to the length of their lease. They all leave when ever they want or need to go. There is a reason why they asked for a 6 month and what you offer them will have no impact on that. If they are planning to leave in 6 months and you force them to sign a one year they will simply break it when they need to leave.

I would leave them on M2M and require that they give you 60 days notice. 

 How would M2M be better than the 6 month if they plan on leaving in 6 months anyway? 

Post: Offering a 6 month lease to good tenant?

Account ClosedPosted
  • NJ
  • Posts 33
  • Votes 3

The lease would end in November, but the tenants are great

Post: 90 Day notice on a Month to Month

Account ClosedPosted
  • NJ
  • Posts 33
  • Votes 3
Originally posted by @Thomas S.:

Based on state codes landlord can ask and tenant can voluntarily agree however when a tenant does not agree to any requirement a landlord has no legal authority to require tenants to comply.  Many landlord believe they have the authority to put what ever they choose in a lease. Nothing could be farther than the truth. State codes trump all lease language. Where the code is silent on a issue it is then, and only then, at a landlords discresion.

State codes apply in a court of law.

 Yeah, I guess my issue is I'm unclear as to what the state code implies exactly. Seems to just say must give 30 days notice, but I take that as meaning at least 30 days

Post: 90 Day notice on a Month to Month

Account ClosedPosted
  • NJ
  • Posts 33
  • Votes 3
Originally posted by @Thomas S.:

M2M is a good option in your situation. No reason not to offer it to a good tenant.

In most cases any lease language that counters state law is null and void. This however does not prevent you from asking for as much notice as possible.

 The law seems to state that the tenant must give 30 days notice for MTM. It doesn't make clear whether or not the notice can be more than that if required by the landlord though

Post: 90 Day notice on a Month to Month

Account ClosedPosted
  • NJ
  • Posts 33
  • Votes 3

I have a tenant whose lease is ending in about 2 months, and a month ago I gave him 30 days to let me know if he plans on renewing (giving me 60 days to advertise). Today, the last day before I required the response, he told me he is looking for a new job and to buy a house near that job. Because he doesn't know where the job will be yet, he doesn't know where to look for the house yet. Essentially, he knows he will want to move out a few months after the beginning of the new term, but doesn't know when yet because of these unknowns.

My first thought was to have him sign a month to month agreement beginning at the end of the current lease, requiring a 90 day notice if he plans to break it. 

My first question is: Is that type of agreement enforceable, or does the NJ state law that says 30 days is required to break a MTM lease trump that contract?

Second: Should I just not renew with him at all? This is my first turnover so maybe I'm reluctant to let a good tenant go, but maybe because of that I'm not thinking about it logically. I anticipated a clean yes or no to renewal, not this.

The MTM option also runs the risk of a turnover during the winter, which I hear is harder to fill.

Post: Removing cat dander from unit

Account ClosedPosted
  • NJ
  • Posts 33
  • Votes 3

I’ll be house hacking in a 3 unit soon, and the unit I’m moving into is currently occupied by a tenant with a cat. My girlfriend is really allergic to cats. Does anyone have any experience with successfully removing cat dander from a vacant unit?

I’ll have a few weeks to a month after the tenant moves out to do this. I figure I would deep clean, repaint and run a hepa filter during this time. However I’m still a little worried about it, especially the ducts and various crevices in the unit.

Post: How to raise rents and implement new lease?

Account ClosedPosted
  • NJ
  • Posts 33
  • Votes 3
Originally posted by @Steven McCutcheon:

@Adam Frumkin

I would have a lawyer write up a new lease and letter for the rent. You are giving ample amount of time for them to respond and be aware so that’s good. Let them know exactly what is going to change and have the lawyer make the necessary improvements to the paperwork. NJ is tenant friendly so if you need a good real estate attorney I would be happy to give you one. Where did you buy at!?

Best,

Steve

 Thanks Steve. This property is in Edison, and I’m closing on a property in Jersey City this month. Already emailed my attorney and he’s on it. I figured the 90 days gives them the 30 days required to make a decision, plus 60 days for me to advertise in the case they decide not to stay 

Post: How to raise rents and implement new lease?

Account ClosedPosted
  • NJ
  • Posts 33
  • Votes 3
Originally posted by @Andrew B.:

Since the lease was inherited, I would have a lawyer write up a new lease to make sure it covers everything you need. Once that lease runs out, only an amendment is needed.

Should I send them that new lease to sign along with the raised rent letter, or wait until they agree to it? Basically, I don't have a new lease ready yet, but I want to give them a good heads up about the rent raises