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Updated over 8 years ago on . Most recent reply

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118
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Christopher Stanis
  • Investor
  • Binghamton, NY
66
Votes |
118
Posts

How do you get an inherited tenant to sign a new lease?

Christopher Stanis
  • Investor
  • Binghamton, NY
Posted

Hello BP Community!

What steps would you take to get inherited tenants to sign on to a new lease? 

My brother and I recently purchased a mobile home park in Williamsport PA. Most of our tenants have met with our management team and signed our leases. We have several tenants owning their own mobile home that have refused to sign a new lease. They are up to date on rent. However, the previous owner's lease could be fit onto a napkin, and includes very little of the legal protections important to us in a lease. 

What steps would you take to get tenants owning their own home to sign a new lease? Is threatening a 30 day notice too extreme? Thanks BP!

Most Popular Reply

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Replied

Why would you believe terminating a tenant on M2M is too extreme if they do not sign your new lease. That is exactly what you should do, why piddle around with rent increase when you have the authority to not renew if they do not sign. As long as they continue to not sign they believe they own you, how does that make you feel as the new owner. 

You are a owner and a landlord, time to act like it and do the job. Sign or leave, s**t or get off the pot people.

Personally anyone that is refusing to sign I would be putting on a very short leash. Once they do decide to sign, following your threat to non renew, I would be putting them on my future eviction short list.. They are not the type of tenants I would be thinking of keeping.

Make sure you do have all tenants on M2M going forward. 

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