Re: Lease start date contingent on landlord vacating?

Re: Lease start date contingent on landlord vacating? by Anonymous on August 18, 2014 @19:19

You would be better off waiting until you're closer to the completion date. There will always be other tenants. You don't even know what the credit/background check will reveal. They may love it, but if its not in YOUR best interest, don't waste your time. Things could change in their lives between now and then anyway.

If you want to have a provision that there is no promise you will ever move out, don't do a lease yet. What you're basically saying is, I am promising you nothing, but I want you to promise me 18 months rent and deposit. Doesn't sound very fair to me, for the tenants anyway.

BUT to answer your question, include a section about delivering up possession to the tenants by Jan 1 2015, if landlord does not deliver up possession by that date, any deposits will be refunded to tenant and lease will be invalid. Something along those lines?

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Re: Lease start date contingent on landlord vacating? by Stacy on August 18, 2014 @19:30	[ Reply ]

Thanks, I agree that it is not fair to the tenant but they are the ones who want to do it this way. I would never had suggested this to them. I like your idea for the 1/1 start date. But I'm leery of writing up any sections myself for fear that it might make the whole lease illegal or something and come back to bite me later. I was hoping there was actually a legal form template already out there that had language like this.

Re: Lease start date contingent on landlord vacating? by Stacy on August 18, 2014 @20:21	[ Reply ]

Update! I am listening to your initial advice that there will always be renters and we should just wait. I emailed my prospects and told them no, that we would not have them sign a lease now. I told them that I will keep their name on a list of interested prospects (I actually do have a list!) and let them know when we're ready to rent. Thank you so much for talking some sense into me.

Re: Lease start date contingent on landlord vacating? - Landlord Forum thread 323052