I'll just say this: for every Pro that has a momentary figure attached to it, ask how many rentals it would take to cover that. 

If I owned the property for years, the rent is below market BECAUSE of ME and I need to take responsibility for that lapse.

Should this lease lapse without a successor agreement and the Leasee holdover, this lease shall remain in force for for one(1) month and shall renew monthly until such time that either party gives 45 days notice to vacate the premises, or a successor agreement supersedes this agreement.The above might be close to the language you are looking for.  

The president is expected to sign this bill:S. 24 Government Employee Fair Treatment Act of 2019"Each employee of the United States Government or of a District of Columbia public employer furloughed as a result of a covered lapse in appropriations shall be paid for the period of the lapse in appropriations, and each excepted employee who is required to perform work during a covered lapse in appropriations shall be paid for such work, at the employee's standard rate of pay, at the earliest date possible after the lapse in appropriations ends, regardless of scheduled pay dates."

Lastly, if you have a lapse in coverage it becomes more difficult to find a new insurance provider.

BTW, a good lapses test is this.  

I say pick a lane if you want to wholesale let your license lapse and do it.

Hi everyone, I’m new to the real estate world so forgive me for any lapses in terminology.

If you want to be able to reuse the policy over and over, it’s better to.If you don’t pay back the loan, you’ll need to make sure the policy won’t lapse down the road.

If the Tenant ever cancels the policy or allows it to lapse, the Landlord will receive notification.