But they will automatically have a sense of distrust which is counter to the position of strength.Just my 2 cents

If the new loan and the old 2nd meet certain criteria (basically the new loan being a rate and term refi of the 1st, the 2nd being fairly small, closing costs being low) then the 2nd could be automatically subordinated to the new 1st, regardless of the sequence they were recorded.

That way if any fees , taxes or liens are deducted from proceedsthe numbers will adjust accordingly and automatically.

The letter should also state that if they fail to respond, you will automatically convert them to a month-to-month at a higher rate.

I should’ve clarified: After the one year lease it turned automatically in a month-to-month lease.

Just stating this for readers in other locations so they dont automatically think its kosher everywhere.

I do not believe that you can file it mid-year, since it falls under the "automatic change" method.

If they refuse to sign a new 12 month lease, and you let them stay, they automatically are M2M where only a 15 day notice is required under Chapter 83 UNLESS you get them to sign a M2M with a 2 month notice required from either party.

Click the link and then you will see that it automatically loads to where you're typing.

That assumes your contract allows for you to "automatically extend" your option period without seller's written agreement on any subsequent extensions.