Help with no lease or extension and tenants

[Kay M.]

Hello Everyone, 

I am a property owner in which I have been renting out to long time tenants (10 years or so). Every year when the lease is up, I would ask them to sign an extension for a year. I have not done this since 2017.....But ever since, they have been still paying the rent on time and have been great hands off tenants. 

The situation now is more complicated because they are deciding to maybe leave a roommate behind. 

Previous post

They have not told me their definite plans yet, nor have they given me any sort of notice. On top of this, I'm considering purchasing another home in which underwriting (maybe 3-8mo from now) would probably want me to submit a current signed lease.

I know I've committed the ultimate mistake by not having them sign any lease, but any advice as to what next steps should be would be appreciated. Their lease cycle would normally be up end of July. 

Thank you for reading! 

[Nathan Gesner]

They are currently on a month-to-month lease so you give them 30 days notice and require them to sign a new lease or vacate the premises. Easy, peasy.