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All Forum Posts by: Nicole Lakanen

Nicole Lakanen has started 2 posts and replied 3 times.

Post: Tenant got a dog and is now late on paying the required pet fee

Nicole LakanenPosted
  • Property Manager
  • Minneapolis, MN
  • Posts 3
  • Votes 0

My tenant is mid-lease and we just found out she got a dog without prior approval. This is a lease violation, but we do allow dogs and told her she can keep the pet if she pays the required fees. I gave her 7 days to pay and the pet fee is now considered late. Can I charge a late fee for not paying the pet fee on time? Can it be considered late rent?

Post: Lease Renewal and raising rent amidst COVID19

Nicole LakanenPosted
  • Property Manager
  • Minneapolis, MN
  • Posts 3
  • Votes 0

@John Underwood thanks for the response! Property taxes increased in our area and they are included in the mortgage.

Post: Lease Renewal and raising rent amidst COVID19

Nicole LakanenPosted
  • Property Manager
  • Minneapolis, MN
  • Posts 3
  • Votes 0

Our tenants current lease is up June 1st. We sent a lease renewal form for the next year with a rent increase of $20. Mortgage expenses had gone up by $50 in the last year.

Tenant is interested inside renewing for another year but is asking that we don’t raise rent due to her not working because of COVID. She owns her own cleaning company and did just get PPP.

We are contemplating waiving the rent increase until businesses open again, and resuming the $20 increase then.

What are people doing with rent increases right now? Skipping them or business as usual?

Thanks!