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Updated almost 5 years ago on . Most recent reply

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Jignesh Savaliya
  • Rental Property Investor
  • San Antonio, TX
7
Votes |
11
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Should I sign a 4 years lease with tenet?

Jignesh Savaliya
  • Rental Property Investor
  • San Antonio, TX
Posted

Tenet's current 1 year lease will complete in Aug 2021, tenant want to stay for 4 more years with reason of child school. so far tenet behavior is good in terms of Paying rent on time, Keeping property clean, Sometimes fixing things by them self and not disturbing other tenet.

Should I sign 4 years lease with rent increase ?
or sign 24 months lease with rent increase ?
or just stick to the yearly lease formate ?

Note: Property location is in North Austin TX area.

Most Popular Reply

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,512
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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Just do a year....a 4 year lease doesn’t really obligate them to 4 years, they can break it and go at any time, but it Does commit you to it.

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