Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Michael W.

Michael W. has started 7 posts and replied 12 times.

Someone is interested in renting a space in a strip center I manage. I had him fill out an application and proceeded to screen him. Not good. He is evasive and failed to provide all of the info asked for, such as landlord referrals and SSN. I learn from a former landlord that he was evicted from a previous address. He currently leases a store at another location and the owners only agreed to accept his tenancy after he agreed to doubling the security deposit and paying a rent premium, with steep escalations in the lease. They say he has kept up with the rent thus far.

He really wants to rent my unit and has offered to pay four months in advance, with subsequent quarterly payments made in advance.

Is this a definite no, or would it be worth signing with someone like this if the terms are attractive?

I currently have a military tenant staying in a rental condo that I own in CA. The tenant is only three months into her one-year lease and just gave me her 30 days notice to vacate, due to an upcoming deployment, which is a valid reason to break the lease in accordance with the military clause addendum to the lease and the SCRA (Servicemembers Civil Relief Act). 


However, her deployment is still at least three months from now. Therefore she wants to terminate the lease at least two months before she is actually deployed. She says she'll be moving in with a friend to save money until her deployment.

I don't feel that her desire to save money is a valid reason to abandon her lease obligation two months before her deployment. I've told her that it'll be no problem if we can find a replacement tenant before she moves out, but if we can't, she would be held responsible for any lost rent until we do find a tenant or until her actual deployment date, whichever comes first.

I'm wondering what's the best way to handle this. Does the tenant have the right under SCRA to terminate a lease well in advance of a deployment that they are aware of? Do I have any recourse as a landlord?