Prices here have rocketed in the past twelve months, which is rare, but there are plenty of underlying factors that suggest our market is still less reactive than some major markets.A lot of the houses built in the 1800s here are in strong, vibrant parts of town where renewal and growth is active.

You'll also want to consider additional fees like leasing, renewal, etc. and any sort of rental guarantees. 

You can always non-renew and also seek to evict for violations of other lease terms if applicable (i.e. damage to property, nuisance). 

If the governing authority requires a license bond, then that is something the contractor needs to maintain on a regular basis that is not project specific in order to renew his license.

The previous landlord does not have a written lease, he has just been renewing the lease verbally so technically she does not have a lease now.

PP - 200kPITI- $1,3504b/2.5b 2,996sqInterest rate - 4.875 no PMI5 year ARM/ 30 year amortizationDuring the purchase, I just assumed once the 5 ARM is time for renewal we would have enough equity to refinance into a loan with an 80% LTV to avoid PMI.

We haven’t heard yet if the current tenants will be renewing or not.

FIRST give him notice that you are the new landlord and that the terms of his current lease will not be renewed.

Tenant complained about it and the owner eventually replaced the entire exterior door.The lease will be up on May 30, and landlord sent a notice of non-renewal. 

You should also be able to non-renew the month-to-month lease and evict them this way.