First off, I'm new to the BP community and I just wanted to say and give a slight intro about myself. My wife and I have been landlords for 16 years and now have three properties simply because we just converted our ...
Hello all,I work as a property manager in San Diego and have a few tenants who have recently elected to terminate their lease early that are not protected by the Military Clause. I understand that some people need to ...
My husband and I have been renting what was formerly our primary residence for nearly two and a half years and need to sell by the end of August to qualify for the capital gains tax break to fulfill the requirement t...
I had an inspector come in to check out a house I have under contract this morning. The owner had been renting it out since 1985, and when the tenant moved out he neglected to turn the water/electric back on. The insp...
I terminated PM on 12/26/20 for unit B and gave a 1 month notice per lease agreement. It is now 1/20/20 and i have not received tenants rental deposit and last month of rent (normally owner draw is deposited on the 7t...
I have been renting a house since September, but my mother has become very I'll and needs 24 hour care. I need to move home and I don't want to end the lease on bad terms. This is the second rental from this manageme...
Hello Biggerpockets community,
I have been renting from my apartment since 09/01/2019 and signed a new lease starting 09/01/2020 to 09/01/2021 on 12/20/2019. Due to Covid-19 my two roommates lost their jobs and I wan...
Hi,
I read a post here that states every lease should have an early termination clause with a fee. What do you suggest as the terms and the fee?
Thanks very much in advance.
Mike
I have a single family, rented to a Section 8 tenant, that I would like to put on the market for sale. I gave the tenant a little more than 60 days written notice, and copied their section 8 case worker.Well, that not...
Hello BP,Details:- Lease expires 1/16/20- Planning to vacate by 10/31/19- Security Deposit: $3,475- Early Termination Fee: $4,000- No subleaseMy fiancee and I will be moving from California to Germany earlier than exp...