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I found new tenant; now current wants to renew!
by New-Landlord (New Mexico)
on November 18, 2009 @10:43
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I started renting out my townhouse in July to two college-aged friends. They have a 6 month lease. A couple months ago they told me they would be leaving at the end of the lease (January) because one of the tenants is moving in w/ her boyfriend and the other tenant can't afford it on her own. Three weeks ago I started advertising to find a new tenant to move in in January. I found a potential one right away. Two weeks ago I confirmed with my current tenant that they still planned to move out and she said yes. I showed my townhouse to the potential tenant, who really liked it. All of a sudden my current tenant said she really wants to stay and is looking for a roommate. I checked with her a couple times and she still hadn't found one. On Monday the potential tentant told me she definitely wants the place starting in January when my current tenants move out, and will send me the deposit. Yesterday (Tuesday afternoon) I said great, you have a deal. Last night (Tuesday night) my current tenant texted me and said she had found a roommate. She says the new roommate will sign a lease to start in January. I told her I'm sorry but the other woman had just told me that she wanted it for sure in January and I had said okay. My current tenant is very upset and wants to stay. I don't know what I can/should do now!
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Re: I found new tenant; now current wants to renew!
by Gail K (Georgia)
on November 18, 2009 @10:50
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As my children used to say, "tough noogies" on your current tenant. Sounds like you made a valiant effort to find out whether the current tenant WAS able to stay. When she still had not found a roommate, you went ahead with what any good landlord would do; found someone to replace her. Listen; get the new one to sign a lease so you don't end up with everyone moving out/not coming in January. Gail
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Re: I found new tenant; now current wants to renew!
by Ultimate M-Bone
on November 19, 2009 @11:57
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In this situation, I would collect a holding fee from the new one, do NOT sign any lease or commitment with the new one until the old one is out. Send the existing tenant a 30 day non-renewal notice to vacate. She had her chance and made her choice. Make sure the holding fee you collect from the new one is marked non-refundable in the event tenant changes her mind.
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