 Raise rent vs term notice (by Bet [MA]) Feb 19, 2024 10:41 AM
 Raise rent vs term notice (by NE [PA]) Feb 19, 2024 11:18 AM
Raise rent vs term notice (by David [MO]) Feb 19, 2024 12:01 PM
Raise rent vs term notice (by Jason [VA]) Feb 19, 2024 12:18 PM
Raise rent vs term notice (by Ryan24 [MD]) Feb 19, 2024 12:20 PM
Raise rent vs term notice (by WMH [NC]) Feb 19, 2024 12:26 PM
Raise rent vs term notice (by MikeA [TX]) Feb 19, 2024 5:11 PM
Raise rent vs term notice (by Robert,OntarioCanada [ON]) Feb 19, 2024 11:08 PM
Raise rent vs term notice (by Steve [MA]) Feb 20, 2024 8:37 AM
Raise rent vs term notice (by bet [MA]) Feb 22, 2024 11:22 AM
Raise rent vs term notice (by Steve [MA]) Feb 22, 2024 12:59 PM
Raise rent vs term notice (by Bet [MA]) Posted on: Feb 19, 2024 10:41 AM
Message:
Hello. I am planning on terminating a tenant lease in June. I am trying to figure the best rate of success Do I give them a huge rent increase or just the 60 day. Non renewal served. Raise the rent and they stay and pay. Or they fight me on the non renewal? I need them gone one way or another. What are your thoughts? THANKS --184.91.xxx.xxx |
Raise rent vs term notice (by NE [PA]) Posted on: Feb 19, 2024 11:18 AM
Message:
Why mess around with a rent raise? Just give them notice. --24.152.xxx.xx |
Raise rent vs term notice (by David [MO]) Posted on: Feb 19, 2024 12:01 PM
Message:
I would send a note of none renewal with a vacate date of May 31st or vacate on or before June 30th. If tenant doesn't move by said date you will need to file eviction for a lease violation.
I would not send a huge increase in rent unless you want to give them a chance to stay. --67.61.xxx.xxx |
Raise rent vs term notice (by Jason [VA]) Posted on: Feb 19, 2024 12:18 PM
Message:
Mean what you say and say what you mean. If you need them gone, send them no less than the minimum notice required in your state and terminate the lease. No games needed --172.58.xxx.xx |
Raise rent vs term notice (by Ryan24 [MD]) Posted on: Feb 19, 2024 12:20 PM
Message:
It depends on why you need them out. If you need them out to live in it or family needs a place or something specific then a 60 day notice of lease termination would be the best route. You can even include the reasoning so they will understand why it is being terminated. If they are just a bad tenant with late payments or not taking care of the place or something else then you should first try to train them into a good tenant by cracking down on whatever the issue is and if that doesn't work then you should file for eviction for lease violations and get them out sooner rather than later. Time will not fix an issue. Better to get it done sooner rather than later and have a spring rental opening. --73.135.xx.xxx |
Raise rent vs term notice (by WMH [NC]) Posted on: Feb 19, 2024 12:26 PM
Message:
My lease says 60 days. If I give the wrong people (one couple I have in mind) a 60 day notice that will be the last rent I ever receive, so my plan for them is to let it go M2M - then I can give as little as 7 days notice. I would never do that though. --173.28.xx.xxx |
Raise rent vs term notice (by MikeA [TX]) Posted on: Feb 19, 2024 5:11 PM
Message:
Be careful listening to people from other states as most of us deal with a more level court system. MA has an extremely left leaning system that puts the Landlord at a disadvantage. Hopefully another MA knowledgeable poster will be by later with some good advice. --209.205.xxx.xx |
Raise rent vs term notice (by Robert,OntarioCanada [ON]) Posted on: Feb 19, 2024 11:08 PM
Message:
Suggest getting advise from a landlords association where google or some listed on this site will get local advise. Vacant rental units in most jurisdictions are difficult to find as population has gone up where housing units has not. Some jurisdictions have a cap on rent increases where find what the maximum is. With higher rent the tenants will be less likely to stay. Rents have really gone up as more demand less supply on vacant rental units. --207.236.xxx.xxx |
Raise rent vs term notice (by Steve [MA]) Posted on: Feb 20, 2024 8:37 AM
Message:
Good morning BET, I missed seeing this yesterday. I posted this as an answer to a question from another MA LL.
FYI in MA if you want to change the terms of an existing rental agreement whether a term or MTM agreement you technically need to give the tenant a written notice to quit along with the offer of a new tenancy with the new terms. A few times I've given the NTQ along with an offer of a new tenancy with a substantial increase in the rent. Sometimes at least for me this has inspired the tenants to find a new place sooner rather than later. IMO doing it this way gives you the choice of evicting for not leaving at the end of the tenancy or for not paying the new rent.
As we both know in the past an uncooperative tenant could take 1-3 months to get out of your unit. Now it can take 2-3 months if the LL were extremely fortunate but in reality, it can take 3-12 months before you'd be able to legally get them out. In fact, I know of a LL in my area who's has spent over 18 months & so far has cost him over $70K trying to get his unit back.
PS are you going to be able to join us on the 29th? --96.233.xxx.xx |
Raise rent vs term notice (by bet [MA]) Posted on: Feb 22, 2024 11:22 AM
Message:
Thanks guys, advice is always appreciated. I like Steve's view, that the substantial increase will motivate for a more speedy exit. My feeling has been by saying we are terminating your lease but you can stay if you pay way lot more, they feel the choice is theirs and they are more in charge, than a straight get out notice, therefore possibly doing less damage on the way out.
Plus if they are still there past the move out date, we can proceed straight to the Summary Process, or 14 day non payment service. Steve what is the exact date? --64.187.xxx.xxx |
Raise rent vs term notice (by Steve [MA]) Posted on: Feb 22, 2024 12:59 PM
Message:
Hi Bet. It's at 6:30 next Thursday, February 29. We'll be meeting at The Texas Roadhouse 301 Newbury Street, Danvers, MA 01923
://www.texasroadhouse.com/locations/337-danversma?utm_source=bing&utm_medium=search
--96.233.xxx.xx |
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