2 month to 2 month
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2 month to 2 month (by Dan [IL]) Jan 28, 2019 10:20 AM
       2 month to 2 month (by Busy [WI]) Jan 28, 2019 11:20 AM
       2 month to 2 month (by Landlord ofthe Flies [TX]) Jan 28, 2019 11:39 AM
       2 month to 2 month (by BRAD 20,000 [IN]) Jan 28, 2019 12:26 PM
       2 month to 2 month (by Dan [IL]) Jan 28, 2019 2:09 PM
       2 month to 2 month (by RB [MI]) Jan 28, 2019 2:17 PM
       2 month to 2 month (by Dan [IL]) Jan 29, 2019 7:13 AM
       2 month to 2 month (by Ray-N-Pa [PA]) Jan 30, 2019 6:01 PM


2 month to 2 month (by Dan [IL]) Posted on: Jan 28, 2019 10:20 AM
Message:

I always hear about month to month leases, but I think a 2 month to 2 month would serve me better as a landlord, and give my tenants more time to react if I choose not to renew. I am about to renew some 1 year leases, but I may be selling the units later this year. Is 2 mo to 2 mo common? Doesn't it make sense? I like having more notice, and I would think the tenant would too. --98.206.xxx.xxx




2 month to 2 month (by Busy [WI]) Posted on: Jan 28, 2019 11:20 AM
Message:

Itís certainly an interesting concept. A lot of landlords in my area are going to requiring 60 day notice for move-out. --208.54.xx.xxx




2 month to 2 month (by Landlord ofthe Flies [TX]) Posted on: Jan 28, 2019 11:39 AM
Message:

If selling, this isn't the time to have experimental leases. --108.69.xxx.xxx




2 month to 2 month (by BRAD 20,000 [IN]) Posted on: Jan 28, 2019 12:26 PM
Message:

Dan,

So write it for 60 days notice for either party.

I only do yearly. I'm thinking if you have good residents a new buyer would like the "already rented to good people" aspect of the deal. I would show the buyer a ledger showing on time rent every month (because of autodraft and ZT!)

BRAD --73.102.xxx.xxx




2 month to 2 month (by Dan [IL]) Posted on: Jan 28, 2019 2:09 PM
Message:

To be clear, I will be selling the units one by one to individuals. A few will probably be current tenants. Others will be new to the property. Obviously I can't just not renew all leases and have a lot of vacancy, and then wait for buyers for 21 units. I can renew some for a year, and some for month to month.

But I'm concerned I'll lose the mo to mo tenants faster than I can sell, because they might be uneasy about a 30 day notice around the corner. With 60 days, they have plenty of time to find another place.

Likewise, 60 days doesn't hurt me because any buyer I find needs about that long to get a loan.

2 mo to 2 mo (or 60 days) seems to be a better solution for the landlord (me) and the tenants.

In the past, I've offered 1 year lease renewals, where the tenant could give me 60 days notice and then they could end the lease with no penalty. It allowed me to keep some really good tenants while the did a house search. When they gave me 60 days, I had time to carefully pick a new tenant. --98.206.xxx.xxx




2 month to 2 month (by RB [MI]) Posted on: Jan 28, 2019 2:17 PM
Message:

Well there's (your own) answer. --184.53.x.xxx




2 month to 2 month (by Dan [IL]) Posted on: Jan 29, 2019 7:13 AM
Message:

Thanks all, for the quick responses. I wish I found this site 4 years ago. Reddit is ok, but Mr Landlord looks much better!

So I may use my 1 year lease with the 60 day termination clause, which can be used by landlord or tenant. It's been fine so far, some tenants have loved it and taken advantage of it, at no loss for me. It states that the tenant can't invoke the 60 day termination during certain winter months.

But I haven't yet used it to ask a tenant to leave in 60 days. I will be doing that on many units in the next 2 years as I sell. I would like some assurance that it will hold up. I plan to talk to a lawyer about it today.

But I was thinking that others would already be using some variation of a 2 mo to 2 mo lease, since it seems so much more practical than a mo to mo. Anybody? --98.206.xxx.xxx




2 month to 2 month (by Ray-N-Pa [PA]) Posted on: Jan 30, 2019 6:01 PM
Message:

I charge a premium for shorter lease periods. You bring up an interesting angle --72.23.xxx.xx





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