Rental question

[the_bob_delusion]

My tennant wants to go month by month instead of signing a lease renewal. What do you think?

[cherry*135]

"If the tennants are a little shakey, then not having a long term lease could promote the opportunity to leave the place in disarray with not paying rent for 1 or 2 months before you have the opprotunity to evict."

A tenant on a fixed lease could stop paying rent and/or trash the house as well.

Eviction regulations for rent arrears are the same for a tenant on a fixed or periodic lease.

[kopenhagen5]

Sure, but a month to month could add incentive to already shakey tennants for a disruptive exit.

So if they are good tennants, I wouldn't be concerned.

In my experience good tennants that have been on monthly arrangements have stayed for 4 years or more.

[serendipityricho]

The long term lease can be used by the renter.

I live in a block of 4 flats--old ones--like it here.

13 years ago i had a 12 month lease-them let it drop back to month by month.

A couple of years ago the property was surveyed for developement in the future.

Now take a 12 month lease--latest one April -April.

That way the next time i apply for a long lease and its refused-i

will know its time to look for another flat-at my leasure...............................Richo.

[kilroy_is_here]

My advice bob is if it's residential property is sell it and purchase industrial or commercial much better investments

[i-need-a-martini]

Good for them, bad for you.

Means they are planning to move out as soon as they find something else.

[cherry*135]

We lived 7 years in the same leased house. Signed a 6mth kease at the beginning, then a 12 mth one. From there on didn't want to sign another fixed lease. . A nicer house may have come up in the same area, job security can be dicey at times - don't want to be stuck with a fixed lease, may apply for a job transfer in another location and don't want fixed lease if you get the new job.

The RE were always trying to put the pressure on us to sign a new lease ( they get a fee for that I believe, even for an existing tenant resigning). The owner wanted a fixed lease. Bottom line the tenant doesn't have to sign one.

They annoyed me greatly..stayed there because the rent was lower than most other places nearby.

[sineaterdoodah]

bob, we lived in our house for 14 years on a month to month basis,and then we bought it,have owned it for 7 years in november. maybe you'll get that lucky too!

[2106greencat]

You could always counter offer - month to month at $xx per week - 6/12 months fixed term at $xx. per week.

With no lease the lessor is not bound to fixed month (6-12) term increases in rent any more than the tennant is obliged to give a months notice.

Month to month is usually cheaper if it is offerred by the lessor, (usually because a property is for sale etc) but if the tennant wants it this way, the landlord has the right to re-adjust the rent accordingly and revisit the situation as they see fit.

At least here in QLD.

[cherples]

For 2 days I've been seeing renal question when I open the CS forum.