So, my tenants are now moving out. Brutal time but it is what it is.
They were on a year lease until this past May. They then wanted to buy a place so they asked me if they could go month-to-month providing they give me 2 months notice. I thought that seemed very fair so I agreed. However, I did tell them September 1st would be the month where I'd require another lease as being vacant in the winter isn't great.
They ended up finding a place and giving notice on July 20th. Technically, as per 2 months notice, this would take them until September 20th right? They are moving out September 1.
I've been advertising like crazy and even dropped the rent 30% as I wasn't getting any viewings at all. I have some viewings today but so far not even a single application in 40 days. Just a bad market despite being in Killarney and despite lowering the rent from $1575 to $1200. Plus $300 off hat first month rent.
So if I don't find anyone for Sept 1, should I still charge them for at least half of September since we both agreed on 2 months notice and signed that on the lease?
or should it before the whole month? or nothing at all?
Just wondering what is aloud. We did both agree and we did both add it to the lease that it would be 2 months notice.
Thanks!
They were on a year lease until this past May. They then wanted to buy a place so they asked me if they could go month-to-month providing they give me 2 months notice. I thought that seemed very fair so I agreed. However, I did tell them September 1st would be the month where I'd require another lease as being vacant in the winter isn't great.
They ended up finding a place and giving notice on July 20th. Technically, as per 2 months notice, this would take them until September 20th right? They are moving out September 1.
I've been advertising like crazy and even dropped the rent 30% as I wasn't getting any viewings at all. I have some viewings today but so far not even a single application in 40 days. Just a bad market despite being in Killarney and despite lowering the rent from $1575 to $1200. Plus $300 off hat first month rent.
So if I don't find anyone for Sept 1, should I still charge them for at least half of September since we both agreed on 2 months notice and signed that on the lease?
or should it before the whole month? or nothing at all?
Just wondering what is aloud. We did both agree and we did both add it to the lease that it would be 2 months notice.
Thanks!