Re: Addendum to charge for HOA - Landlord Forum thread 357602

Re: Addendum to charge for HOA by Garry (Iowa) on May 28, 2018 @13:43

Assuming your T is exersizing her option to move, she will be moving to a newer unit, and pay you an extra $100 for it. That's it. It does not matter what you have done with other units. You have a 2 year lease with this T, and the only change you can make to that lease, is the change of address, and add $100 to the current rent amount. If that extra $100 does not cover all the HOA fees, or any other costs, That's too bad for you. You made the 2 year lease a year ago, and now you have to abide by it. That doesn't mean you can't ASK if she is willing to pay more, but where is her incentive to do so? You're BOTH stuck for another year on your original lease, UNLESS BOTH parties are willing to renegotiate ALL terms of the lease. Just remember, if the whole lease is opened up. maybe if you want more than the $100, she may want to move to another place that you don't own, and then you will have a vacant unit again. You're better off taking the $100 now, for the next year, and "eat" any costs above that amount. When the end of the 2 year lease is up, ANYTHING GOES.

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