All Forum Posts by: Pauline Herschel

Balram Kakkar

I'm looking at a partial interest property in the tristate area. The bylaws are pretty much that of co-op with limitations on who you can rent to. What are the pitfalls of a partial interest property ?  I'd like to hear some opinions.  How could the pricing model differ from a co-op ?

Thomas S. - Like my last quote said I'm worried about them being reckless the remainder of their stay.

Thanks all.

I've just never been in such a situation before, and what's happened has happened.  What I'm worried about is:

(A) Not giving them a non-renewal notice and dealing with the eviction process, which could lengthen their stay in the unit.  

(B) Giving them a non-renewal notice and having them damage the property beyond what the security deposit is worth.  

I'd love to hear your advice.

I have a family currently renting one of my properties that had asked for the option to renew the lease for the first year. The lease had explicit language stating how to exercise the option, and it seems that they have forgotten to do so and missed the deadline. While they do pay on time, their month to month dealings have been pretty annoying and I would rather not renew. My attorney suggested starting a holdover petition at the end of the month, rather than giving them some sort of non-renewal notice. I'm wondering if this sounds right, and whether the tenants could try to counter us in court, and what your experiences are.