Updated 1 day ago on . Most recent reply
Renovation and Current Renter
A big hello to all..I have a duplex, one side is vacant, other has a tenant. My goal is to do a quick reno and list it to the market price. I do have many issues with the current renter as well (late payments each month, as well as under market rent, gap of 250/mo.) Lease is month to month. In you experience, do you think the renters cause damage if we give notice to vacate in 30 days or so? What is the best way to proceed.
Thank you.
Most Popular Reply
#1 Managing Your Property Contributor
- Real Estate Agent
- Memphis
In my experience, most tenants don't intentionally cause damage when given proper notice, but every situation is different. What I've found is that clear communication, professionalism, and following the terms of the lease and local laws tend to produce the best outcomes.
Since the lease is month-to-month, I'd make sure any notice requirements are fully compliant with your local regulations before moving forward. I'd also document the property's current condition and conduct a thorough move-out inspection when the tenant leaves.
Given the combination of recurring late payments and being significantly under market rent, I can understand why you're evaluating your options.