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Updated over 8 years ago on . Most recent reply

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106
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Todd Krzeminski
  • Rental Property Investor
  • Northern Virginia
51
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106
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Month-to-Month Tenant Request

Todd Krzeminski
  • Rental Property Investor
  • Northern Virginia
Posted

One of my tenants is asking if they can go month-to-month at the end of their lease, until they close on the house they're buying. Should I add a premium to the rent? How much? It's currently $950. How much notice should I require of them to notify me whether they are continuing the following month?

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404
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203
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Matt Clark
  • Roanoke, VA
203
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404
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Matt Clark
  • Roanoke, VA
Replied

Todd Krzeminski If they have been good tenants who are easy to work with, I charge 10% over the renewal rate, and allow them to vacate with a full calendar month notice.

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