Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago on . Most recent reply

User Stats

7
Posts
1
Votes
Eric W.
  • New York City, NY
1
Votes |
7
Posts

[NYC] Tenant refuses to sign my lease

Eric W.
  • New York City, NY
Posted

My tenant's lease expired June 1, refuses to sign my lease.  I presented him prior to June 1 and he shot back that my lease was full of holes while it is a simple residential lease.  He is now month to month and my lawyer is drafting up a rock solid lease which I will present him and give him 1 week to sign.  He also has a licensee living with him (not on lease) so I want to nip that in the bud now by having him put everyone on the lease.  Thoughts here?

Most Popular Reply

User Stats

4,035
Posts
5,793
Votes
Greg Scott
#2 Managing Your Property Contributor
  • Rental Property Investor
  • SE Michigan
5,793
Votes |
4,035
Posts
Greg Scott
#2 Managing Your Property Contributor
  • Rental Property Investor
  • SE Michigan
Replied

Your tenant has trained you well.

When you have an illegal tenant in a unit, you can send the resident a lease violation notice stating that the person needs to be on the lease, and they can pay the application fee for the background check.  It could be your tenant is pushing back on signing your lease because he knows his licensee will not meet your screening requirements and he doesn't want to face those consequences.

If a resident doesn't want to sign your lease, usually the option is that they must move out.  It may be a good thing in the long run that you now have a better lease, but I expect that every time you ask this tenant to sign a lease, they will tell you all the problems it has to try to kick the can down the road.

Here is what I would do when you present them the new lease.  Tell them (in writing, and hopefully this is incorporated into your new lease) that month-to-month status adds $100 to the monthly rent.  When someone is already on month-to-month, typically only 30 days notice is required to put new rental rates into effect.  That $100/mo will give him a financial incentive to sign a new lease.

Good luck

  • Greg Scott
  • Loading replies...