the owner would typically pay the commissions on a commercial lease; however, an option to renew is an option to renew. it just gets renewed. there is no new lease, no new leasing agents, none of that. it sounds like they aren't exercising their option to renew. they are essentially letting the existing lease expire and negotiating a new one. my response would be - we either renew as is as provided under the existing lease please plan on vacating as we'll start marketing. it is possible that we may come to terms on a new lease but no guarantees.....

This is roughly the message I send to my tenant 60 days before lease renewal:Dear tenant, Insert nice words....Your lease is expiring on [date]You have the following options:Renew your lease for 12 month at [rate] (If market rate is $100 higher I tend to increase something, if market rate is $200 higher I use (current rate + market rate)/2 for the new rate, if market rate is same or lower I would keep it the same rate)Move to a month-to-month lease at [rate x 1.25]Vacate from the premise on or before [lease end date]Please let me know by [deadline].

Deni Baldwin, the tax partner, is more interested in talking about her vacations at her lake house, rather than getting her job done.

But if he's doing so well in his business and streamlined it to where he's vacationing all the time then why does he have to charge so much for you to buy his course?

Hi,  I have an old primary residence that tenants have been in and are now vacating, it was a bit of a unique circumstance so I am trying to understand the tax ramifications or best approach. 

I'm on vacation, still checked in.

You just have to do what other won't do.We have an immense STR community here, so you could legitimately do a second/vacation home here and possibly use it as a write off while using it while you're here.Best of luck

It should be... a place you lived in, or went to college in, or have family in, or can easily travel to, or want to own a vacation home in. 

The second bill requires landlords to provide financial relocation assistance to tenants who vacate their homes due to rent hikes and qualify for the assistance. https://www.king5.com/article/...

A prospective Buyer is likely looking for a place to move in with their family, and if you have a long term tenant in place with no future vacate date, then you are really limiting your buyer pool, and effectively running down your sales price.