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All Forum Posts by: Alyssa Ciccarelli

Alyssa Ciccarelli has started 2 posts and replied 8 times.

Post: End of Lease - Termination Letter

Alyssa Ciccarelli
Pro Member
Posted
  • Posts 8
  • Votes 3

Thanks All, super helpful.  Will send certified mail post our convo to let tenant know of the 60 day non renewal with date of move out.  

Post: End of Lease - Termination Letter

Alyssa Ciccarelli
Pro Member
Posted
  • Posts 8
  • Votes 3
Quote from @Chris Seveney:

@Alyssa Ciccarelli

What does your lease say.

Typically a simple letter stating

I'm writing to inform you that your current lease for the property located at [ADDRESS] will not be renewed for another lease term. This note should serve as my (length appropriate) notice of non-renewal as required in accordance with our lease and the state of Vermont.

Your lease will expire on xxx which means the property should be fully vacated by that day.

After the property is vacated and we perform our post occupancy inspection any remaining deposits will be returned,

If you have any questions do not hesitate to reach out and also can you please confirm receipt of this letter (if emailing it and not hand delivering it)


 Thank you Chris, the lease states that post the lease ending, if another lease extension is not signed, then the rental agreement will be considered month to month if landlord continues to accept payment.  In this case, the lease expired 7/31 and I do not plan to renew.  I am letting the tenant know that I will not be renewing the rental agreement via phone, but can not find any information if a termination letter is also needed (to be safe).

Post: End of Lease - Termination Letter

Alyssa Ciccarelli
Pro Member
Posted
  • Posts 8
  • Votes 3
Quote from @Sergio A. Chucaralao:

In New Jersey, if you have a yearly lease you have to give the tenant 90 days notice that you will not be renewing. You have to write the reason on why you are not renewing. To make sure your reason is a valid one. You can go to your state tenant landlord laws. If the are current with payments, the violations they have must have been addressed in the past and the tenants had to failed to comply. Amd they have to be documented. But again that is here in NJ most states are different. Hopefully this helps.  Best of luck.

 Appreciate that, this property is in Vermont, and the only thing I can find is if I terminate a lease, but the lease has come to an end a few months ago with no renewal signed.  In the original signed lease it's states that post lease ending if landlord continues to collect rent, it will be considered month to month.  I'm asking if the lease comes to an end the landlord is not going to renew, does a termination letter need to be sent out in tandem with a conversation that we are not renewing a new lease?






Holdover. Tenant must vacate the Premises and remove all of Tenant’s personal property from
the Premises before 11:59 p.m. on the date the Term expires. If Tenant fails to so vacate the Premises,
Landlord may immediately commence eviction proceedings at its sole discretion. If, after the Lease
expires, Tenant remains in possession of the Premises and continues to pay Rent without a written
agreement as to possession (and Landlord accepts such Rent), then the tenancy will be regarded as a
month-to-month tenancy, at a monthly rental of $1700.00, payable in advance, and subject to all the
terms and conditions of the Lease.


Post: End of Lease - Termination Letter

Alyssa Ciccarelli
Pro Member
Posted
  • Posts 8
  • Votes 3

Hi, 

I noticed that Bigger Pockets doesn't have a termination letter template and I have a rental in VT (Windsor County)  that is coming upon it's second year ending.  The tenant pays on time, but I recently did a walk through and she is violating many health/fire codes due to what appears to be a hoarding situation that has grown over time.  I do not have interest in renewing her lease and want to send a termination letter.  Would anyone be able to help identify what should be written in this letter for clarity and is it necessary in every state regardless that the lease says it terminates at end date unless renewal lease is signed, etc.

Any insight would be much appreciated,

thxs!

Post: Live in NJ, have real estate in VT; looking for a year-round CPA

Alyssa Ciccarelli
Pro Member
Posted
  • Posts 8
  • Votes 3

Thanks @Danilo A., thanks @Nicholas Aiola, Ive set up time to discuss!  Much appreciated

Post: Live in NJ, have real estate in VT; looking for a year-round CPA

Alyssa Ciccarelli
Pro Member
Posted
  • Posts 8
  • Votes 3

Hi, I live in NJ and have rental properties in Vermont. I am a newbie in real estate and still have a fulltime job where I work remotely in NJ for a company based in Seattle.  I'm looking for a CPA (year round) to not only prepare taxes but to work with on strategies.  I have (up to this point) done my taxes myself. 

Any recommendations appreciated

Thanks!

Post: Is Phil Pustejovskys' "Freedom Mentor" apprentice program a good opportunity?

Alyssa Ciccarelli
Pro Member
Posted
  • Posts 8
  • Votes 3

@Frank Harian, did you ever proceed with the apprenticeship?

Post: Phil Pustejovsky and Freedom Mentor

Alyssa Ciccarelli
Pro Member
Posted
  • Posts 8
  • Votes 3

@Brian Trickett, how did the program work out? Was it worth the initial investment?