I have a tenant who is looking for a 6-month lease. They're desperate to find housing as his partner just recently picked up a job in this area. A 6-month term would end in November right as the rental market is slowing which bakes n a three to four month vacancy I'm figuring. Normal rent is $1,400 a month. They're willing to pay a premium for a 6-month lease. How much would you propose charging them? Tenant is making six digits and claims to have a 700 plus score. --209.122.xx.xxx

Or just do a one year lease at $1400 with a $2800 buy out. --70.178.x.xx

Give them 2-3 options. Year lease with 3 month ELT, 6 month (build in 2-3 month vacancy spread over the 6 month lease) or close to double m to m. See how desperate they are. --75.67.xxx.xxx

"CLAIM" to have over 700 credit score. Did you pull a credit report to confirm? --71.246.xxx.xxx

It's referred to as Executive Leasing. $1400 + $700=$2100 a month, get a large deposit too. --172.58.xxx.xxx

Give it a fancy sounding name and make him feel like you have a program that lots of people use Call it Executive leasing and make him feel important and charge through the wazoo,$2100 month sounds good to me. --72.231.xxx.xxx

I rent to military members that are here for a six month training program. I do six month leases for a 20% additional premium. --73.177.xxx.xx

Executive Leasing sounds good. --73.120.xx.xxx

Did you present an opportunity or pass? --172.58.xx.xxx

I went with 2250 a month for six months. He was only expecting to pay a premium of 100 to $200 a month extra. Clearly there was a huge gap in what I wanted and what he was willing to pay. Next. --209.122.xx.xxx

$2100 a month X 6 --99.23.xxx.x

Jim, exactly. That's how I came up with my number. --209.122.xx.xxx

that's a great delta for the 6 months! we don't have a slow season in california...our rents are skyhigh yearround. --75.80.xx.xx

Here in my county in FL (not sure about the rest of the state) we have to pay sales tax on a lease of 6mo. or less because they call it short term rentals like for vacation or tourists. So I just make it for 7 mos. Check your areas requirements. Also run credit checks. It's just me but I am kind of leary of those just starting a new job, although now days it's a whole new ball game. --23.117.xxx.xx

You will have additional costs with a six month lease. The cost of remarketing and another make ready. You also need to consider when the six months are up. Are you getting the house back in November, December hard months to rent or May June Good months to rent. Are you earning enough for the six months to compensate you for the additional work and expense. --76.242.xx.xx

Robert, that's why I proposed to charge them 2250. I was also going to get a double security. --172.58.xxx.xxx

So, if you tell them it's going to cost them $xx more, but they actually get it back the longer they stay, it could work in everybody's favor!! --174.69.xxx.xx

Check your insurance to make sure it covers six month leases. Sometimes I would rent 6 months at a time only to find out my insurance only covered yearly leases. --73.171.xxx.xxx

A one year lease with ELT of 2 month rent gives tenant a lot of flexibility should their situation change. It gives you some compensation. --67.43.xxx.xxx