For those unfamiliar with leasehold, this is a common term in Hawaiian real estate and you can liken it to a mobile home park - where you own the mobile home but not the space it sits on.

Choosing to terminate, or?  

Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.

If they're renters, maybe you can communicate with the Landlord and get them to terminate and put new people in.

If the increase is more than 5%, you may want to consider only offering a renewal after they prove it's affordable with updated financial information.If the increase is higher than 5% or the tenant is less than perfect, you may consider terminating their lease and hiring to a new renter at market rate.

(Although I did see a property with “a $60k Tesla solar system with 4 batteries.”

Are you looking to hit a one-time homerun or are you looking to invest long-term in real estate?

@Preeti Sampath I would strongly recommend you terminate the lease with your tenants and have them move out before you sell the property.

Terminate your lease at the current expiration date of [DATE].If we do not receive a response from you by [DATE], your lease will automatically continue on a month-to-month basis at the rate stated above.Your Landlord

Hi @Will Cline - follow this link from Fannie Mae's servicing guide: https://servicing-guide.fannie... and scroll down to the 'Borrower-Initiated Termination of Conventional Mortgage Insurance Based on Current Value of the Property' section. 2 years is correct if the current LTV ratio is 75% or less...2-year requirement can be waived due to property improvements made by the borrower.