I am a loandlord renting out my property to my tennants that are in a 6 month lease with a remainder of two months. The situation I'm in I need to move back into my property. How do I go forward in this without any legal issues?
2006-11-04 07:20:51 · 5 answers · asked by ohmslaw 1 in Business & Finance ➔ Renting & Real Estate
I am sorry to say... but there is a lease for a reason. That reason is to protect you and the tenant. You can not break the lease just because you want to property back. Now if they have not paid rent, or have lease violations you can give them a notice to vacate... but if they are good tenants the only thing that you can do is go ahead and give them a notice that they need to move at the end of the lease term and let them know that you will give them a good reference. That way you know that you will have your property back (in 2 months) and they know they have a place to go.
2006-11-04 15:26:10 · answer #1 · answered by Shaunna H 3 · 0⤊ 1⤋
I'm not a land lord but I've rented allot of times ,,,, The leases I've signed before had certain conditions that I had to live up to or face possible eviction for failure to comply ,,,, It would probably be a good idea to go over the stipulations in your lease and see if there are any violations ,,,, It just might be a good idea all the way around to simply explain the situation to your tenants ,,,,and that you will not be renewing the lease in any event ,,,,This would not only be fair but also leave you in a better light and give them the time to start looking else where ,,,, Once they've found a place then they would have no reason not to move ,,,,That would be better all the way around ,,,, Good for them and good for you and both parties could part on friendly terms with out your reputation being damaged as a land lord ,,,,
2006-11-04 08:29:28 · answer #2 · answered by Anonymous · 0⤊ 0⤋
They took a 6 mo lease for a reason and you have a contract. Your only option is to ask them how much $$ they would require to cancel the lease. The law is totally for the contract being honored. If you have so much $$ as to buy out the contract, why don't you just get yourself a month to month instead of jerking them around ?
And since you apparently do not intend to renew the lease, advise them now, it is only 60 days away.
2006-11-04 07:32:45 · answer #3 · answered by kate 7 · 0⤊ 1⤋
frequently, and that i an in basic terms answer frequently using fact i don't have a replica of your hire, the two tenants are in charge the two for the hire. That being pronounced in case you signed a single hire that lists in basic terms a entire quantity due then you definitely would be in charge. if 2 people signed that hire then the two everybody is in charge. seem for a fact on your hire that announces some thing like tenants are "at a similar time and severable in charge". What meaning is that each and each tenant is punctiliously in charge for the hire notwithstanding if the different one would not pay. Now in case you signed a hire that states you pay in basic terms 0.5 of the hire, then you definitely are in charge for under 0.5. maximum rentals in spite of the indisputable fact that are a single hire with distinctive signers. think of of it in that way. You signed a least asserting you will pay XXX funds according to month. Your roommate additionally signed the acceptable comparable hire asserting he/she would have the ability to pay XXX funds according to month. All that the owner agreed to replaced into that he will settle for XXX funds according to month. He would not care the place it comes from , in basic terms that he get the quantity pronounced interior the hire.
2016-10-21 06:30:27 · answer #4 · answered by ? 4 · 0⤊ 0⤋
Ask them if they would be willing to move out. Or ask them to move in thirty days.
2006-11-04 07:24:05 · answer #5 · answered by Jeff M 1 · 0⤊ 1⤋