Paying for moving costs of a free market tenant
I am purchasing a property where there is a tenant with no lease that I want to get out. The difference between what he is paying in rent and market rent is approximately $3k per month.
As many of you know, to start a holdover case is going to take a minimum of four months to get him out and could take as long as a year if the tenant knows how to play the game.
I offered to help him out with moving costs but the amount he came up with is way too high.
What is a fair price to pay him?