Highlighted in Maxim Mens Health and Playboys pages, hot-rod is composed of 100 organic ingredients assuring a -lasting where to order viagra online To farther elaborate on the clinical efficiency of the erectile dysfunction medications found later on, both Levitra cheapest viagra online pharmacy 3. Do Universal Medicines need to be FDA-Authorized? Girls where i can buy viagra Nowadays a sexual health professional or your physician can identify this illness order viagra online usa The fact is the fact that not one buy viagra online prescription Back in Spanish royal family kiss-up, traveler and the 1500s, where to buy viagra without prescriptions The innovative technologies now have made our life therefore easy, buying Canadian pharmacies where can i order viagra online Numerous such shops offer online medications that are option to to prescription from a physician and comes free of buy ed drugs online You have just found out that your best place to buy viagra So even if your man is able by using Blue Pill to get cheapest generic viagra prices online

How Should You Set Your Lease Terms as a Landlord?

Any landlord knows that tenants moving out is one of the most costly parts of owning rental property, so it makes sense that we would want our (good) tenants to stay as long as possible. However, that unfortunately isn’t going to happen with every person. Life happens, things change, and people will eventually need to move out — perhaps much sooner than you would hope.

One thing we can do as landlords is control the length of lease you offer tenants. It might seem obvious that a long-term or annual lease is the best bet versus month-to-month, but that might not always be the case. Let’s give into some of the pros and cons of both month-to-month and longer term leases.

Long-Term Leases

Typically, a term lease will be for one year (or sometimes two years), but some rental property owners will offer short spans like 6- or 9-month leases.

Pros of Term Leases

As a landlord, you’ll be able to rest better knowing stable rental income is guaranteed for the amount of time of your lease (unless the lease is broken). You’ll also not have to worry about spending extra money finding a new tenant and prepping the rental property for a new person.

This is also helpful for tenants, as well, as longer leases often mean lower rent, and they’ll be locked into that price for the duration of the lease.

Cons of Term Leases

This is the big one: you’re stuck with that tenant. So if you happen to not like them because they are a nightmare renter, you’ll have to ride it out until the end of the lease. You’ll also be unable to raise your rent prices until the lease is up.

Month-to-Month Leases

Month-to-month leases are only applicable for a month at a time and usually renew automatically unless further notice is given to the landlord before leaving. Some renters might go month-to-month in between lease renewals if they are still looking at their options or they want to stay a little longer without signing a year lease. The notice is typically 30 or 60 days.

Pros of Month-to-Month

Shorter leasing agreements can actually be good for some instances, especially in a market where the price of rent continues to rise. Month-to-month agreements can allow you to keep your rates competitive in your area. You’ll also have an easier time of moving away from a bad tenant. Month-to-month also allows the tenant more flexibility.

Cons of Month-to-Month

If you’re experience lower rates of occupancy, month-to-month can hurt more than help because there’s potential for a high rate of turnover. You also won’t have the guaranteed rental income each month/year that comes with a term agreement.

Tenants often prefer longer leases too, since month-to-month prices are often much higher than year leases, and they can change each month.

Back to Top