You may not be able to renew your home insurance. 

Unless the o-o round renews after each reduction? 

On this side the rent is currently $50 dollars less)Also, who and how should the tenant be informed that their lease is not being renewed?

Also, pay attention to the terms of your lease - notice required to enter unit, how you handle renewals, subletting, distribution of utilities.  

Forget FICO scores - - their history of paying bills is far more indicative.I would take them and make the lease 3 months, renewable to m/m.

This is a common RE practice and only needs a fixed term, non-renewable lease.We bought at a great price and the seller had major items to be moved out of state during the YE holidays. 

If they balk I might not renew their rent in June. 

---------my Boston condo lease is up. my tenant had expressed that they didn't want to renew their lease.

Here's the link to the deal analisys forum https://www.biggerpockets.com/forums/88/topics/239...I really need to make the next actionable step(thanks Brandon) to get him the contract for 3 years and to the buyer I believe I need a lease option for 1 year that renews?

My lease is not being renewed at the end of this month and I don't have the working capital to purchase the strip mall on my own.