My tenant's one year lease expires on October 15, 2018. They have requested to extend their occupancy on a month to month basis with a 60 day notice to vacate( for both them and myself). I'm comfortable with that.
How do I handle their last month's rent which I am holding? Do I apply it towards their last month under the existing lease or do I hold it and apply it towards the last months when I'm given the 60 day notification?
Thank you