Updated about 13 years ago on . Most recent reply
Rent Guarantee to get 1st year month-to-month lease
I read something recently where a landlord provides a rent guarantee certificate listing the amount & the length of time (usually a year) & then creates a month-to-month. He strongly urges this concept (he has thousands of properites).
The #1 reason renters do not want to sign a month-to-month 1st year lease, he says, is because they're afraid the rent will be increased within the 30 days. This alleves their concerns.
The landlord can terminate the lease if the tenant doesn't pay or acts up. The downside is, so can the tenant.
But given today's landlord market, your worst enemy is an eviction, especially in states where they can be drawn out.
What do you think?