Lease due

[WASP]

We have a lease coming due soon and the tenant wishes another 12 months, should we offer a three month lease to January and then a twelve month lease, or leave it as is?

Our thoughts are January may be a better time to have lease due rather than having leases due in Oct-Nov

 

[Propertunity]

We have a lease coming due soon and the tenant wishes another 12 months,

The tenant obviously wishes to stay there and get some security of tenure. You want security of no vacancy coming into the Christmas holiday period.

What is a win-win? How about offering a 15 month lease?

 

[Xenia]

I would lock them in for as long as possible unless there was a problem with the tenant.

 

[WASP]

The tenant obviously wishes to stay there and get some security of tenure. You want security of no vacancy coming into the Christmas holiday period.

What is a win-win? How about offering a 15 month lease?

15 Month lease was a good thought

12 Month lease starting in January would put the renewal back to December, which is not a time we'd like renewals to occur