The target audience for “lease- option” is different from renters and different from buyers.  

Compal — which has built computers, tablets and smartphones for companies like Apple, Google, Dell and Toshiba has leased sites in Taylor and Georgetown, where it plans to employ more than 1,000 people at two buildings totaling nearly 600,000 SFhttps://www.bizjournals.com/austin/news/2025/11/05/compal-el...

If not, perhaps offer a 1-year lease at the same rent they are paying now, or let it roll over into a month-to-month.Moving is expensive for both tenant and landlord, and both parties will do what they feel is best for themselves. 

I would have comps pulled on what is in the area and how fast they are leased out.

I see other new developments in the area offering Lease to Own for 3 yrs. 

OR,  I could Lease it for 1 yr - 2 yrs and possibly cash flow or break even. 

My suggestions for anyone reading this….Before signing a rehab contract: get at least 3 bids, check that each includes detailed line items (materials + labor + markup).Set up the draw schedule: only release payment after verifying completed milestone.Have a worst-case scenario worked out: what if rehab takes 2× time, what if lease-up is slower, what if refinance drops?

We average about 2-3 months rent, so about 5-6k, but that includes sometimes one month vacancy and re-leasing expenses.It is expensive to be a PM.

then learn to tell them no.Also depending where you are, you can also not renew their lease. 

Did you provide itemized list of damages.