Month to month lease
Hi BP,
I currently have a duplex that I’m house hacking. My tenants 12 month lease is up 2/2/2020. I gave them a 90 day notice saying that I’m willing to offer another 12 month lease. Adjustments include:Increasing rent from $1800 to $1980. Splitting the electric and water bill by number of tenants (right now they’re paying $250 flat rate for water and electrical for 5 people. I realized early in their tenancy that this was a mistake on my part. The first electric bill after they moved in was $790 for 2 months. Water consumption was also very high. They are asking if they can extend lease 4 months to the beginning of June. Should I charge a monthly premium since they want to go month 2 month? I also feel like having the lease end in June would be much better than February and could make it easier to fill vacancy. They haven’t missed a payment and are respectful.Any suggestions would be appreciated!