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Wendell Torrey
  • Investor
  • Grand Rapids, MI
1
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21
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Is there a down side to a three year lease

Wendell Torrey
  • Investor
  • Grand Rapids, MI
Posted

I have two good tenant candidates. Both are relocating with their company. One is looking for a 12 month lease and the other has asked for a 3 year lease!

All things equal is there a down side to the three year lease?

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Jason D.
  • Rental Property Investor
  • St. Petersburg, FL
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Jason D.
  • Rental Property Investor
  • St. Petersburg, FL
Replied

@Wendell Torrey the downside is that you're stuck with this tenant for 3 years. Go 1 year then renew another year if all went well

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