Inheriting tenants and some hurdles ahead
Good afternoon fellow members,
I’m closing on my first 4plex tomorrow morning and am inheriting two units with tenants who acquired dogs that are not on their current lease and I’m looking for suggestions on how to navigate the transition of owners while implementing a $500 pet deposit and $25/month pet rent. Neither units have record of a pet on their lease. One unit is month to month and the other is in lease until September 2020. My plan is to request the $500 deposit and pet rent starting next month and possibly letting them pay the deposit in installments over a series of 2 months but with covid this could be difficult. Any suggestions!?