All Forum Posts by: Account Closed

@Steve Hall thank you. Well noted.

@Colleen F. Yes I just read it. It will go to month to month after 1 year.

@Thomas S. Yes I am not extending the lease. It will automatically go to month to month.

@Theresa Harris

Why would I give him another 12 month lease? Sept/oct is good enough.

I gave my tenant oral notice yesterday (April 12) that I need the apartment after his lease (expires July 1) is up. So it is basically a 78 day notice. Tenant basically replies with I should have told him sooner and that he wants to at least live until the summer is almost over. He said he wants to enjoy the summer instead of wasting it on moving and looking for a new place to live. He said he will start looking around Labor Day (beginning of Sept). My wife and I agreed to let him live and start looking in Sept. The property is located in Nassau Country, Long Island, New York. This July 1st will make 1 year tenant has lived in unit. Tenant has never been late on rent thus far. I am trying to avoid court as much as possible unless he stops paying rent or stays excessively too long in unit.

My question is should I give him a new short term lease or no lease?

Thanks in advance.

thanks everyone. 

I posted my rental online and received this from a interested renter out of state:

"Good morning we are family of 3 and we are living in north Carolina and we are going to buy a deli in ny so I willing to pay 6 months and advance also I can't provide you with sufficient found in my bank account".

I ask them some more questions regarding employment, credit and references and they respond with,

"I do have a great credit, I also can provide reference which is excellent, we are not working at the moment because we are moving from NC to NY and we are going to buy a business in NY, and also I can provide you proof that we have more than $200,000 in our bank accounts, that's why we are able to pay up to 6 month of rents ahead."

How would you experienced landlords handle this inquiry ?

I can help.