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Updated over 6 years ago on . Most recent reply

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Greg Dowdell
  • Rental Property Investor
  • Westerly, RI
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Inherited Tenants and Month to Month

Greg Dowdell
  • Rental Property Investor
  • Westerly, RI
Posted

Happy Monday BP,

I purchased a 3 family last August in Westerly Rhode Island which I inherited 2 tenants off of. Each of the leases that I took over have been fulfilled and have moved to month to month. I would like to keep them month to month but get them on my lease. 

Is it as simple as filling out the new lease as a month long contract and the new lease rules are in place? Anything I'm not thinking of?

Thanks,

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James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
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James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied
Originally posted by @Greg Dowdell:

Happy Monday BP,

I purchased a 3 family last August in Westerly Rhode Island which I inherited 2 tenants off of. Each of the leases that I took over have been fulfilled and have moved to month to month. I would like to keep them month to month but get them on my lease. 

Is it as simple as filling out the new lease as a month long contract and the new lease rules are in place? Anything I'm not thinking of?

Thanks,

 More or less yes. Just tell them you want them to sign a new month to month lease, most tenants oblige with this request. If it becomes an issue & they won't sign you can serve them with a 30 day notice if you want to take it that far.

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