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General Landlording & Rental Properties

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Joshua Todd
  • Contractor
  • Redwood, NY
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15
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Renter pays for year up front!

Joshua Todd
  • Contractor
  • Redwood, NY
Posted May 16 2017, 05:06

All,

I've been attempting to work this issue out but cannot seem to find the best solution.  

Renter's lease expires in August, good time of year in Northern NY for lease to expire as winter is a bad time to move.  The inherited tenant however, pays for the entire year in advance with the proceeds of their tax return around February.  I'm debating doing a month-to-month lease to have the lease and the payments coincide, but when this tenant moves out, I'll be listing the property in the middle of winter!  I do like the full year up front and the great tenants that are there now, just unsure how to tackle the logistics?

Any suggestions on how to adjust lease terms, payments etc?

Thank you in advance.

Josh

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