2 year leases - Landlord Forum thread

2 year leases by Anonymous (MI) on February 8, 2010 @17:18

I'm in the process of screening for a new tenant and I was suprised that two prospects brought up they would like to sign a two year lease. What are the disadvantages of having such a long lease?

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Re: 2 year leases by Anonymous on February 8, 2010 @17:25

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If the tenant is well qualified, and you want to rent long term, it sounds like a stable tenancy.

One disadvantage might be if the tenant is not so qualified and has trouble staicking to the lease, you mightt be stuck with them.

I recommend the LPA Lease - with that you can terminate early if need be.

Re: 2 year leases

Re: 2 year leases by OK-LL on February 8, 2010 @18:54	[ Reply ]
One disadvantage is that you can't raise the rent for the period, unless you include something like a 1-year anniversary increase. So if your taxes, insurance, etc. go up, you can't increase rents accordingly to recoup the cost. Keep that in mind as you prepare your lease.

Re: 2 year leases