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Updated 10 months ago on . Most recent reply

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Wesley W.
  • Rental Property Investor
  • The Vampire State
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Lease up prospective tenants whom have not given proper notice to current landlord

Wesley W.
  • Rental Property Investor
  • The Vampire State
Posted

Hey BPers!

Just curious where each of you stands on this one.  I realize this is a case-by-case basis.  Sometimes the tenants plan on paying a month's rent at two places to allow a less-hectic move.  However, this could also portend our own situation in a year's time if we take them.  Maybe they'd like to get a new place under contract before giving notice to their current lessor?  Each one has a specific reason, to be sure.  

I've got a prospect that is in just this situation.  Put down deposit, lease isn't signed.  Looking to move in a week's time.  Solid employment history.  I called the current landlord and he was completely surprised by the reference check.  He says they are solid tenants.

When would you, and when wouldn't you take someone like this?  Feel free to share your personal experience around these kinds of folks.

Thanks, and Merry Christmas!

Most Popular Reply

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied
Quote from @Wesley W.:

It's not an issue IF their lease is scheduled to expire.

My personal practice: when a tenant submits an application, I let them know I intend to contact their former landlords. I ask them if they've already given notice. If they have not, many landlords will give bad references and it will backfire on the tenant. It's best they be honest with their current landlord so he's not caught by surprise.

  • Nathan Gesner
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