Re: new tenant - Landlord Forum thread 347744

Re: new tenant by Garry on August 30, 2016 @17:44

You should not under any circumstances sign a new lease with anyone until you have TOTAL possession back. 2 months in the future is a LONG WAYS out there. A thousand things could happen in those 2 months, to you, the current tenant, or the new T. The main problem could be that the current T doesn't move out when they are supposed to, and you have a signed lease to let the new T move in on that same date. What do you do then. Not only may you have to evict the current T (which could take 1-2 months), but you have now broken your own lease with the new T. The new T could take you to court for not giving possession when you were supposed to. AND PROBABLY WIN. You may end up paying for their attorney, and maybe their hotel expenses for 1-2 months. Because of your "jumping the gun" you could lose several thousand dollars. And what if they leave the place trashed for you? There's another month of fixing and cleaning things. My suggestion would be to sign NO lease now, and wait til the final week the current T is to be out, and see how both parties are coming along with their plans. Remember, there are more Ts out there if you lose this prospective T. Do not put those dollar signs ahead of common sense.

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Re: new tenant by Mary (NV) on August 31, 2016 @15:04	[ Reply ]

Thank you so much for the advice. And it is true what you say , but still I need to sign a rental binder and get part of deposit even if I do not sign a contract with her until the other tenant moves out. And I think it is fear to say in writing that if she change her mind I am able to keep some money, In the form here says that if landlord change his mind landlord refund full amount but it does not say anything if tenant change their mind and I think this should be consider in writing too. So How would be the best way to put that in writing?

Re: new tenant by Garry on August 31, 2016 @16:32	[ Reply ]

Again, my opinion is, don't sign anything or take any money now. You are taking a HUGE risk if you do. If the prospective T wants your place as much as you think they do, they will be willing to wait the 2 months til the place is vacant, and then sign a lease with you. Besides, have you totally checked out the T and have approved them to be able to move in? If not, keep checking them out.

Re: new tenant by Mary (NV) on September 1, 2016 @15:04	[ Reply ]

Yes, it is the mother of one of my other tenants, she wants the house because it is in the same community as her daughter, the daughter had been renting from us for 4 years and no problems. I really think that would be good because they will want to stay close to each other and they would rent for a long time. I will not sign the contract but I will sign a binding one Regardless my personal case I think the binding form from here needs to add that if tenant change his mind, Landlord keep the amount to hold the place. of course written in a legal way