Re: Tenants out after 10 years - Landlord Forum thread 331540

Re: Tenants out after 10 years by Wilford on February 28, 2015 @18:41

How will they afford to pay and leave? Don't worry about cutting the rent down. They are already doing it for you. Expect your tenants to stop paying altogether. Slow pay is the path to not pay. They will take your rent to finance their move. Give the shortest notice that your state law requires. The longer they stay the more it will cost you.

Your tenants are likely to also overstay without paying as long as you will tolerate it. When the date comes for them to vacate, move swiftly to evict. And, above all, do not let them talk you into using the deposit for the rent. When you do, you will have to clean up and fix up at your own expense.

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Re: Tenants out after 10 years by Babbles (Thanks) on February 28, 2015 @19:48	[ Reply ]

Your right, I will cut the termination date down to 30 or 45 days. I've had a good relationship with them but they will deposit the rent on Monday and will give notice after then. I know she will ask for an extension so her son can finish high school.

Re: Tenants out after 10 years by Garry (Iowa) on February 28, 2015 @20:26	[ Reply ]

I agree with everything Wilford said. And I would like to add : If they haven't paid the rent by next Wednesday, Give them the standard 3 day notice to pay or quit, and start the eviction process according to your state's LL/T laws. You can wait til the middle of March to give them a 45 day notice to be out by April 30.

Re: Tenants out after 10 years by babbles (Georgia) on February 28, 2015 @21:28	[ Reply ]

Thanks guys! I take it I would definitely want the property vacant if I am going to put it on the market??

Re: Tenants out after 10 years