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Re: Month to month vs year lease Your thoughts?
by Lighthope
on April 13, 2014 @16:24
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Courts generally don't hold tenants to term leases. They serve only a a leash to the Landlord. If you want the tenant out early, you have to jump through a mountain of hoops and still you may be stuck with them. On the other hand, a tenant can walk away and the most they get stuck with is a couple months rent if you're lucky.
Month-to-month is the best way. If a tenant is going to leave, they are going to leave regardless of what kind of lease they have.
Lighthope
Pearls of Wisdom - "I meant what I said and I said what I meant. An elephant is loyal 100%!" - Horton (Horton Hears A Who)
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Re: Month to month vs year lease Your thoughts?
by Garry (Iowa)
on April 13, 2014 @19:24
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I agree with Lighthope. M-T-M leases are the way to go for the LL. Any tenant could stay for 3 months, or 13 years, regardless of how long a lease term they have with you. LLs RARELY break their own leases, but many, many tenants do. Nonpayment of rent is the most common way a tenant breaks a lease, and also the easiest thing a LL can evict for. Other lease violations are MUCH MUCH harder to evict a T on. But there is no defense a T can use in court to stop a legal termination of a lease by a LL. So if a T brings in a pet or extra "visitors" in violation of your lease, on a M-T-M, you can just give them 30 days notice to move, and you don't even have to give them a reason. You still may have to "evict" them, but you may have to do that also, at the end of a 1 year lease, too.
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