I guess it only matters if you get sued or a notice to appear. 

I read 'The Bankers Code' by George Antone and it drew me to private lending.

@Jim Bouchard the only thing I noticed you maybe should address is making the screen doors not slam when closing.

Anyway, the tenant, the reason he gave notice was because he was buying a house.

Sub toOwner Carry Private money What made you interested in investing in this type of deal?

This COULD result in removing your private mortgage insurance.

However, notice there's $400,000 in FORCED APPRECIATION the borrower added to the property value.

.: She is trying to hold you hostage, hoping you will let her go without penalty.I would give her a written notice that she is responsible for rent until a new tenant takes over or her lease ends, and she must maintain the home and prevent any damage.

@Natalie Johnstone My former employer who was a privately traded company that owned over a billion dollars of real estate and had an ancillary management business with revenues that exceeded $100M annually would sometimes form entities in Delaware because business cases are tried in front of a judge w/o a Jury and case law that's applied to decisions is very well developed in the State.

NYS requires a minimum of 30 days notice to non-renew a lease that is less than 1 year; 60 days over 1 year.