All Forum Posts by: Ian Linayao
Ian Linayao has started 1 posts and replied 3 times.
Post: Inherited tenants won't sign new lease
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@Bill B. we got a great deal. My father in law was afraid of COVID so he wanted to move quickly as he didn't want it to go to his new wife (totally different story in itself). So we bought it and now we have a hostile tenant using everything in the book to be threating and manipulating my father in law. Nonetheless the rental agreement is in the works.
Post: Inherited tenants won't sign new lease
- Posts 4
- Votes 0
@David K. This is my wife's father and his wife. When I mean not the best communicator there is a language barrier but also very hostile. Just trying to get her to the table to discuss anything about the property can get very difficult with tantrums.
I think at this point just having a rental agreement in place is the best move. If they sign then its strictly business with plenty of documentation. If they leave then even better. Thanks for the input
Post: Inherited tenants won't sign new lease
- Posts 4
- Votes 0
All thanks in advance for anyone who replie! Very new to this as this is my first rental and the communities expertise is greatly appreciated!
Just bought property in South Lake Tahoe and decided to let the previous owners (Father-in-law / wife) live in the home. In order to protect ourselves we wanted to place a rental agreement, even though they are family members, we believe this is the best practice to let business be business when it comes towards the property. The wife isn't the best communicator and refuses to sign the rental agreement. So my question is what is the best course of action: 1) Give notice to vacate after X days if the rental agreement isn't signed? 2) Continue to rent if they are paying consistently?