Landlord Newsletter - Lease Renewals March 12, 2013

Dear Fellow Landlord,

In this newsletter:

• To Renew the Lease or to Not Renew...
  
• Free Lease Renewal Form with optional Rent Increase
• Tenant Screening Tip
  
• Ask the Attorney, Real Estate Attorney, John Reno
  
• Wealth Secrets and Success Quotes
  

Please e-mail us if you have any questions or would like to add or share any material / information. Have a great month!
John Nuzzolese
John@theLPA.com

I once said, "You think you know someone? You don't really know them until they've rented from you."
There are many aspects of a rental property or tenancy that you can upgrade.

• Upgrade in Tenant(s)
  The Notice of Lease Non-Renewal is a type of lease termination notice for a soon expiring lease you want to end with your current tenants. Most tenants expect to re-new the lease or stay on a "month to month" after the original lease expires, but this form tells them in a friendly yet business-like way to leave while not being harsh or too intimidating.

  Often we become "stuck" with tenants who may have started out alright, but start to go down hill after a while. We usually feel trapped into keeping them because it is just easier to put up with their annoyances than to replace them with a better tenant.
  You should not feel obligated to extend a lease and hold on to tenants who are not living up to their responsibilities or who are making your life more difficult than it has to be. The Notice of Lease Non-Renewal should be legally served to the tenant, mailed certified and regular mail.

  

• Upgrade in Lease Terms or Rules
  You may also decide that you'd love to keep your tenant, but feel you need to make some changes.
  This can be easily done by renewing your existing lease with a choice of easy to use ...

click for the full article...

The Notice to Renew or Vacate is a combination form which can be used as a lease renewal form or a tenant's notice to vacate. The form provides for a rent increase, as well as the preservation and extension of all the terms and conditions in the lease. The landlord should send this form to the tenant at least one or two months before lease expiration to give the tenant an opportunity to consider any rent increase and to respond with enough notice time to vacate or renew tenancy according to lease requirements.

Notice to Renew or Vacate

The Landlord Protection Agency® presents John Reno, Esq., a highly experienced Landlord - Tenant attorney based on Long Island, NY.

John Reno also does Mortgage Loan Modifications (Nationwide).
(Mention The LPA for a 10% discount!)

Dear Mr. Reno:
Tenant does not have a written lease. We rent our parents house after their passing. My brother lives in the basement to keep up the property. The tenant moved her boyfriend in and now they want my brother out. We want them out. What are our rights as the owners of the house and what do we do to get them out. We also never gave her permission to move her boyfriend in nor did she ask. The verbal agreement was for her and her children. - Tina Brogan, Missouri

A: You may not base an eviction on the boyfriend, but you don't have to. It's a verbal month to month. They need a written 30 or 60 day notice and then eviction as "hold over" tenants. Shouldn't be a problem.

If you have a landlord tenant problem you'd like to ask a question about, please feel free to e-mail me your question.
Submit a landlord / tenant question for Mr. Reno
Please try to keep your questions as short and to the point as possible.

The Babb Group and The Landlord Protection Agency have teamed up to provide you with a new service - REPreferred, a premier, subscription-based service to provide you with real-time advice on the markets, analysis of reports, listings of properties that are not on the MLS (commonly referred to as pocket listings) as we get them, introductions to others in the industry, landlord forms and advice from the Landlord Protection Agency, VIP-access to our team and other experts, HYPERnetworking with other people interested in real estate, daily challenges, and techniques to position yourself for long-term investment in real estate.

Our goal with this Elite forum is to provide you with insights, information, and specific daily instruction and participation that directly relates to your interest in real estate whether it be investing, being a landlord, buying or selling a home – including one on one coaching and a highly participatory group!

"If you want to survive as a landlord, you can not run your business from your heart. You have to run it from the head." - Nick Koon, Hard Nose Landlording

"Our greatest glory consists not in never falling, but in rising every time we fall." - Confucius

"How much did your last tenant problem cost you? Your LPA membership will pay for itself by helping you avoid the smallest tenant problems." - John Nuzzolese

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1. Be logged in with your LPA username & password
   
2. On the "Main Menu" (top right), click on "Your Orders" (right below your name)
   
3. The beginning date of your membership will be listed to the left of your membership order # in this format: YYYYMMDD
   

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