Eviction Moratorium: Is anyone going to month to month leases?

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Eviction Moratorium: Is anyone going to month to month leases?

Vishakha Penney
Durham, NC · Member since 2018 · 58 posts · 14 votes

Is anyone moving towards month to month leases in light of the possibility that this eviction moratorium seems to be never ending? Until the government starts paying landlords the missed rent, what other recourse is there?

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Piper D.
Member since 2021 · 13 posts · 41 votes
5y

If the moratorium keeps getting extended I plan on letting my tenant's lease default to a month to month (per our contract) and not renew for another 1 yr contract.  They are paying ok so far but they are newer tenants so why chance it?

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  • Kim Meredith HamptonBusiness Member
    Real Estate Broker · St Petersburg · Member since 2014 · 2k+ posts · 2k+ votes
    5y

    @Vishakha Penney we are doing month to month on tenants who have had a shaky past or are currently not paying, and have been able to evict as a “holdover tenant” in lieu of rent. At least we can get them out, clean up and get a good and paying tenant, most with a higher rent

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  • John UnderwoodPro Member
    Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
    5y

    I have been doing evictions also. My tenant was month to month. My lease defaults to this if a new one is not signed. 

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  • Adam Martin
    Rental Property Investor · Member since 2020 · 1k+ posts · 1k+ votes
    5y

    I am, I used to be strict that lease renewals needed to be at least a year and was a fan of 2 year leases.  I realized that due to the moratorium this protects them way more than me so I am letting everyone go M2M and no one seems to be in a hurry to leave.  I haven't had any vacancy but if I did I would screen like I am looking for a longer lease but make it M2M as well just in case.  In ky from my understanding we can still evict for holdover and I'm not willing to loose that card in my deck in the hopes of locking a tenant down for longer.  Even after covid I think this will be my strategy in case something like this happens again.  

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  • James WilcoxBusiness Member
    Real Estate Agent · Bowling Green KY ~ Lexington, KY · Member since 2015 · 1k+ posts · 602 votes
    5y

    @Vishakha Penney we are M2M right now and renewing as M2M as well until the moratorium is lifted. Been going that route for awhile with no issues. I highly encourage it.

    @Adam Martin you are correct for KY.

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  • Piper D.
    Member since 2021 · 13 posts · 41 votes
    5y

    If the moratorium keeps getting extended I plan on letting my tenant's lease default to a month to month (per our contract) and not renew for another 1 yr contract.  They are paying ok so far but they are newer tenants so why chance it?

    2Reply
  • Vishakha Penney
    OP
    Durham, NC · Member since 2018 · 58 posts · 14 votes
    5y

    Thanks everyone, sounds like we are all on the same page with this. Wish I had thought of it earlier! 

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