Is it better to renew it?
2007-07-01 18:23:41 · 4 answers · asked by lilyanna_amora 2 in Business & Finance ➔ Renting & Real Estate
Do you want to stay for another year? six months? You should do a lease. With out one your rent could be raised at anytime. Or they could as you to leave at any time.
2007-07-01 18:30:39 · answer #1 · answered by Jenn 4 · 1⤊ 0⤋
That depends. If you want to stay on for another year it would probably be best for both of you if you enter into a new lease. This would also shield you from any unexpected rent increases after the new lease is signed. However if you think that you might want to move within the next year, staying month-to-month might be your best bet.
2007-07-02 01:28:05 · answer #2 · answered by Bostonian In MO 7 · 1⤊ 0⤋
Additionally, when a lease ends and you still occupy the property it converts to a "month to month" rental, meaning he can give you a 20 day notice to vacate.
2007-07-02 01:32:01 · answer #3 · answered by Morgan M 5 · 1⤊ 0⤋
Some leases revert to month to month after expiry. Check the residential tenancy laws where you live and use that information to make your decision.
2007-07-02 01:30:13 · answer #4 · answered by Campo 4 · 1⤊ 0⤋