There are several new projects taking a prolonged amount of time to reach stabilization and we believe underlying vacancy for the entire market, to include smaller buildings, is higher.

This will help to avoid any potential misunderstandings or disputes in the future, and will provide clear guidance for the responsibilities and obligations of each party involved.Evaluate Lease Termination Options:Consider the potential for an early lease termination in the event that the tenant is experiencing prolonged financial challenges.

You want tenants to feel that they can bring issues to you, and not hide them and let them get worse if they are prolonged.

Prolonging the lifespan of existing buildings, whether for expanding housing options or other socially beneficial objectives, stands as a superior economic alternative.

This will help to avoid any potential misunderstandings or disputes in the future, and will provide clear guidance for the responsibilities and obligations of each party involved.Evaluate Lease Termination Options:Consider the potential for an early lease termination in the event that the tenant is experiencing prolonged financial challenges.

You really aren't doing them a favor by prolonging the inevitable. 

Also, you may potential be leasing to a tenant that is not only comfortable with navigating through the eviction process but also skilled at how to prolong the eviction through actions such calling code enforcement for mold, claiming there is vital maintenance not corrected by landlord......If you are in even a mildly good rental area I would take a chance on younger folks with no rental history before I gambled with someone that has proved they are potential to not pay.

This is a minor detail but depending on your market (Florida, California) where the AC is running pretty much non-stop, regularly changing out the air filters are key in prolonging the life of the AC unit - meaning less out of that Capex fund 😉I've seen leases that require that the tenant change them out on a regular basis and I've also seen leases where the landlord puts a provision of a scheduled timeline that they or a handyman will schedule a time to stop by and replace it for them. the provision is much more common for the simple fact that a) you ensure that the filters are being replaced, and b) it gives you a chance to get an idea of how well they are maintaining the property. typical schedule is once a quarter. hope that helps 🤝

But not sure if tenant would resist and force a prolonged eviction process.  

Another scenario is if we experience another great depression, or prolonged recession.