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Re: Non-Renewal Notice in MA
by Shaun (FL)
on April 10, 2012 @12:14
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In FL (FL law) you are allowed to double the rent for holdover. It is also in my lease. Check and see what your state says about "holdover".
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Re: Non-Renewal Notice in MA
by Anonymous (MA)
on April 10, 2012 @14:26
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Upon reading all your answers I have three new questions.
Here is the background - I rent to two college students in which their parents are co-signers. Their parents pay their rent. I use a leasing agent for all my tenants. Though MA is pro-tenant state, my lease protects me as a landlord with many additional provisions. My lease states that it is¡¨ Jointly and Severally¡¨
1) What happens if one of the tenants tells me they want to stay while the other one wants to leave? Has anyone experienced this before?
2) What happens if I receive a renewal notice from them first before I issue non-renewal notice to them? Can I still give them a non-renewal notice within the 60 day notice time frame for them to vacate?
3) Suppose I do sign a new lease with them for Sept 1st. While I know I can raise the rent. Am I within my right to add any other additional provisions to the lease?
In the back of my mind I think they will leave without a problem because one of the parents is complaining about how much money they are spending on heat. Per my lease utilities are not included in the rent. Because of this I am hoping their parents will be looking for an apartment that includes utilities in the rent for Sept 1st. I can only hope ƒº I did a quick check on Craiglist for apartments in my area that includes utilities and the rent rates are hovering around $1,050 - $1,100. My rent rate is $1,300. Plus I don¡¦t think their parents want their or their kids¡¦ credit ruined IF I won a judgment for holdover.
I am sorry if these are stupid questions. I always assumed that when you enter into a lease with tenants, the LL¡¦s obligation is to make sure the unit is fit for habitation, etc., And when the lease ends, the lease ends and the tenant is to vacate the premises after you give them proper notice. I am finding this is not the case in some of the posts on the LPA site and in the news. I want to gather as much information from experienced LL¡¦s on this site before I speak to my lawyer next month.
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Re: Non-Renewal Notice in MA
by Jake
on April 10, 2012 @16:02
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You need to get a grip on your objective. Is it to move your tenants out to remodel to raise the rent or is it to wring more rent from your existing tenants without remodeling.
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Re: Non-Renewal Notice in MA
by Jaws, CA
on April 11, 2012 @13:36
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I'm not sure I understand. If you are receiving above market rent, why would you want the tenants to move? It is expensive to remodel and you may not be able to recoup your investment.
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