Hi guys,
The lease is up on my unit. The tenants have been great so far, however they have now asked whether they could renew for 6 months rather than 12 months as they are looking to buy at the moment.
A 6 month lease would bring it up to the end of March. I have said ok to the PM, as PM have said that the rental market in March/April is still usually travelling ok. However, I'm wondering whether I should have suggested something else? Perhaps a shorter lease to bring it up to mid-end January and if they want to re-sign, then another 12 month lease...and if not, then we can go out and look for new tenants?
I am inclined to leave it to a 6 month lease but would appreciate your thoughts
Thanks
S&S
The lease is up on my unit. The tenants have been great so far, however they have now asked whether they could renew for 6 months rather than 12 months as they are looking to buy at the moment.
A 6 month lease would bring it up to the end of March. I have said ok to the PM, as PM have said that the rental market in March/April is still usually travelling ok. However, I'm wondering whether I should have suggested something else? Perhaps a shorter lease to bring it up to mid-end January and if they want to re-sign, then another 12 month lease...and if not, then we can go out and look for new tenants?
I am inclined to leave it to a 6 month lease but would appreciate your thoughts
Thanks
S&S