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Medium-Term Rentals

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Wenai Ji
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How to charge rent if tenant want to extend lease for less than a month

Wenai Ji
  • Banker
Posted Feb 23 2024, 21:05

Hi all, 

I have 2 nurses staying at my place, they initially signed a lease for 2months. Towards end of their lease, hospital extended their contract so they want to extend their stay for another 20days. 

In this case, do I probate their rent or charge a full month rent? 

Thank you!

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Melanie P.
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#2 Multi-Family and Apartment Investing Contributor
  • Rental Property Investor
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Melanie P.
Pro Member
#2 Multi-Family and Apartment Investing Contributor
  • Rental Property Investor
Replied Feb 24 2024, 09:06
Extend them for another month and charge them for another month. Tell them you don't do partial months but they'll retain possession until the end of the month if they want to take their time moving.

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Wenai Ji
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Wenai Ji
  • Banker
Replied Feb 24 2024, 10:23

Thank you Melanie! 

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David M.
  • Morris County, NJ
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David M.
  • Morris County, NJ
Replied Feb 24 2024, 11:10

@Wenai Ji Up to you whether you want to charge a full month or prorate.  

I usually prorate tenants moving in/out as long as they turn over possession.

Sometimes better customer service goes a long way.

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Colleen F.
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  • Investor
  • Narragansett, RI
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Colleen F.
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  • Investor
  • Narragansett, RI
Replied Feb 24 2024, 14:57

@Wenai Ji  I usually pro rate but it depends on what your lease says.  If you prorate do ask them when they plan to stay until and are they staying until the end of the month or do they want to give you a date now that they will leave because my guess is they aren't leaving on day 20.

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Wenai Ji
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Wenai Ji
  • Banker
Replied Feb 25 2024, 01:04
Thank you David! I agree with you, better customer service goes a long way :) 

Quote from @David M.:

@Wenai Ji Up to you whether you want to charge a full month or prorate.  

I usually prorate tenants moving in/out as long as they turn over possession.

Sometimes better customer service goes a long way.


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Wenai Ji
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Wenai Ji
  • Banker
Replied Feb 25 2024, 01:07
Thanks Colleen! You are right, they are still waiting for hospital to finalize their extension. 
Quote from @Colleen F.:

@Wenai Ji  I usually pro rate but it depends on what your lease says.  If you prorate do ask them when they plan to stay until and are they staying until the end of the month or do they want to give you a date now that they will leave because my guess is they aren't leaving on day 20.


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Zachary Deal#4 Medium-Term Rentals Contributor
  • Lender
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Zachary Deal#4 Medium-Term Rentals Contributor
  • Lender
Replied Feb 26 2024, 06:45

I think prorating rent is the best strategy for a positive customer experience. If you really feel you are going to miss out on income by charging them 20 days vs the full month you could try and split the difference and charge 25 days. 

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Glen Wiley
  • Investor
  • Richmond, VA
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Glen Wiley
  • Investor
  • Richmond, VA
Replied Feb 26 2024, 07:11

If you prorate the rent and only charge for 20 days you may leave them wanting to come back if they get another contract in the area.

If it was me, I would prorate the rent, but you are within your rights to charge a full month.