I will have to analyze my numbers again next year before I extend the contract.

After you close, take title, etc, you'll need to extend additional capital to commence renovation, i.e. phase 1. 

Although there was an extended lockdown period, I believe the decisiveness to reopen small businesses such as restaurants ahead of other states substantially helped isolate and limit the economic hardship to tenants and landlords.In a sense, it provided the perception of a light at the end of the tunnel and helped landlords work with tenants on rent payment plans.

The only way I would move forward is if the Seller is willing to extend closing until the units are vacant.

You really want to get a property manager if you can’t keep up on local laws…that’s half the reason I use one  (along with screening and avoiding discrimination lawsuits)1) you only need an addendum that says effective this date the lease will be extended until x/x/x (or will become month to month) with the following changes…the rent to be $xxx, and this and that. 2) BUT, if you give a 45 day notice it will either be unlawful or more likely just ineffective/unenforceable as you are required to give 60 days notice of any rent increases in Nevada.

The property I am looking at is a commercial property with a single tenant that is triple net and has a 20 year lease with intentions of extending the lease once this contract is up.   

Hi. your new job will need to confirm you work a set amount of hours (ie 40 hours a week )  or a set salary With fha and conventional you do have to show a two year work history so as long as you do not have a big gap between your part time jobs you should be fine  Or If you do have long extended gaps between employments then your associate degree should suffice Did you get your “Real job” shortly after getting your associate degree ?

She’s offered to pay 6 months in advance if she can keep the current conditions and extend her lease one year.

@Emillio Henry not many companies will extend a quote to student rentals. 

The leak in the coupling has been dripping down and caused this over an extended period of time.