If they decide to renew/extend, you can/should accommodate them by just rolling the Purchase Option payment and rent credits forward but sign new paperwork, new floor price, new mo rent credit.Take $1 for security deposit so it is a separate transaction and security deposit not confused by a tenant with the cost of the Purchase Option contract. 

made an offer on a property only to find out later that one of the units was going through an eviction.tried to extend our inspection contingency to no avail to buy us some timeended up not being able to come to terms on how to proceed with sellerthe last HOUR of our inspection contingency the seller offers to try and buy out (cash for keys) the tenant the next day (he had a property manager handling the eviction and wasn't even aware of it initially).i get a (risky) oral agreement that even though the contingency window had passed, if the plan falls through my client will still get their EMD back the next day the seller ends up buying out the tenant for a bit over $3,000 and now we can move forward with the deal without the headache of a problem teanant/ picking up an eviction.

I participated in an investment in a motel property under the Brand "Extend-a-Suites" in El Paso, TX. 

If they just needed one more month, they might extend and pay the premium.I mention that, because if you are OK with the resident and just want them to sign a lease, tell them the MtM price will go up effective September 1, and is $400 more per month. 

A lot of the STR management companies have contracts with companies to house their employees when they travel for extended periods of time.

This indicates a healthy environment for both buying and selling.Adapting to Trends: The extended time to contract and sales for townhomes and condos suggests a more deliberate buying process.

This indicates a healthy environment for both buying and selling.Adapting to Trends: The extended time to contract and sales for townhomes and condos suggests a more deliberate buying process.

If I were in your position, I would either - Ask for the nurses contract or recruiter contact to verify employment and use this as the background and credit check (most travel assignments require you to get a background check prior to going to a hospital, and the contract would prove employment and term) - Offer the nurse a month to month rental with options to extend but require my cleaner to go in every month to clean and assess"

You will see less of a benefit to extending that penalty beyond that, and if rates drop before then you would be forced to pay that penalty to get a lower rate. 

It was never a problem with the extended stay guests that were sharing my kitchen.