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Updated over 6 years ago on . Most recent reply

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Ader Viloria
  • Madison , WI
1
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Tenant does want to move after receiving anon extension notice-

Ader Viloria
  • Madison , WI
Posted

Bought a place last year in Stoughton, WI. A 2 story, 9 unit apartment building In which 4 of the tenants are constantly fighting and having issues. They are long term tenants and this issues had been going on for years, anyways I tried to establish and reminded everyone of the rules and expected behavior when dealing with one another when I first got the place to only find out it made little to zero effect. Fast forward to 3 month prior their renewal date, I decided to send notices of lease non renewal to 2 of the units, now they are offering to pay more rent if I let them stay. To me will be great if they stay since won’t have to remodel 2 apartments at the same time, but their constant drama is affecting the entire community. I though about renewing their lease to month to month and allow them to pay the higher rent and if any new issue arise have the option to cancel their contract with one month notice. Any thoughts? What would you guys do?

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Lynn McGeein
  • Real Estate Agent
  • Virginia Beach, VA
1,557
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Lynn McGeein
  • Real Estate Agent
  • Virginia Beach, VA
Replied

Perhaps put those 2 units on month-to-month extensions for the higher price, letting them know that it is your final concession and any further issues will immediately trigger a 30-day notice to vacate.  They might shape up,  and you get to put off renovations plus save up some extra money to pay for them.  But you're not locked into another year if they won't behave.  

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