 End of a lease (by Matt [MA]) Jul 1, 2013 6:47 AM
 End of a lease (by Dan [MA]) Jul 1, 2013 7:03 AM
End of a lease (by Steve [MA]) Jul 1, 2013 9:21 AM
End of a lease (by Ken [NY]) Jul 1, 2013 1:46 PM
End of a lease (by BRAD 20,000 [IN]) Jul 2, 2013 5:48 PM
End of a lease (by Matt [MA]) Posted on: Jul 1, 2013 6:47 AM
Message:
State Specific Question About: MASSACHUSETTS (MA)
Hi, I am just over one year into being a landlord, I own a 3 apt house and live in one, renting a unit to my brother, and another to my sister in-law and someone she found via craigslist (so she could make rent).
My question is this, my sister in-law and her roommate's lease are up in Aug, but she (my sister in-law) has found a new roommate and I want to give notice to her roommate that I will not be renewing the lease another year. There have been no issues and I have a solid lease, singed and in place stating that the lease ends at the end of Aug. Is it just as simple as writing a formal letter saying that I will not be renewing the lease? Should I write it to both and have my sister in-law re-sign a lease? Do I need to give a reason other than her lease is ending? Thanks in advance, its been a successful first year and I don't want to mess it up if there are certain rules I should be following to accomplish what I am trying to do! -Matt --206.243.xx.x |
End of a lease (by Dan [MA]) Posted on: Jul 1, 2013 7:03 AM
Message:
Send a letter and terminate the existing lease and then sign a new one with the sister-in-law and her new roommate if that is the plan.
However, I will advise, that you will eventually run into trouble renting to relatives. That is not a wise path to follow. --64.197.xx.xx |
End of a lease (by Steve [MA]) Posted on: Jul 1, 2013 9:21 AM
Message:
I concur with Dan. You need to send notice to each of the lease signers that you are terminating the lease on 08/31/13. You do not have to give a reason & are most times better off not giving one. This notice must be received by the current tenants on or before 08/01/13. Has your SIL discuss any of this with her current roommate? Are you prepared to follow thru with an eviction if the roommate doesn't willingly leave?
If you collected a last month's rent or a SD, you will also have to deal with them.
Have you received a rental application from the new prospective roommate? If not why not? If yes did you screen them?
As Dan said, renting to relatives is not a good practice.
--72.74.xx.xxx |
End of a lease (by Ken [NY]) Posted on: Jul 1, 2013 1:46 PM
Message:
This should not be your problem,you rent the apartment as a whole not individual bedrooms.Tell your sister in law it is her problem to get rid of a roommate if she wants but don't let her problem become your problem --24.92.xx.xxx |
End of a lease (by BRAD 20,000 [IN]) Posted on: Jul 2, 2013 5:48 PM
Message:
Matt, I agree heartily with the previous posters.
Your practice of renting to relatives is a ticking time bomb, just a matter of time before going off.
Know that Rule #3 in Landlording is "NEVER rent to friends or relatives".
--67.175.xx.xxx |
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