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Justin Kates
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MTM to new lease

Justin Kates
Posted

Hey all, some advice would be helpful today!

I bought my first rental last fall. Their leases expired and they went MTM. Great tenants so far. I am going to drop off a new lease for them. If they have been tenants here for a while, and have renewed lease previously, are the addendums necessary? In TX, it is recommended for Floodplain and Lead Paint.

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Drew Sygit
  • Property Manager
  • Royal Oak, MI
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Drew Sygit
  • Property Manager
  • Royal Oak, MI
Replied

It is a NEW LEASE, especially since you are the new landlord!

What signed disclosures do you have from them and how old are they?

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