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Getting a month to month tenant to sign 1 year lease

Asked Jan 5, 2008, 07:39 AM — 2 Answers
My New Jersey tenant signed a 1 year lease that ended last year and stayed in the apartment on a month to month lease. I am now thinking of putting the bldg up for sale. Is it important to have all tenants with signed leases when I put it up for sale? They seem to be dragging their feet on signing one. How do I get them to sign the new lease so I can sell it?

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froggy7's Avatar
froggy7 Posts: 1,810, Reputation: 1265
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#2

Jan 5, 2008, 10:56 AM
I'm not sure that you can force them to sign a new year-long lease, but I am pretty sure that you can tell them with 30-day notice that you will not be renewing the month to month lease. That might leave you with an empty apartment, if they decided to move instead of signing a lease. I don't know if that would make the situation better or worse for you.
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Fr_Chuck's Avatar
Fr_Chuck Posts: 72,624, Reputation: 37031
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#3

Jan 5, 2008, 11:05 AM


If they are on a month to month rent merely give them notice they have to move. Then you merely make the apartment available on a lease basis only.
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