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Another why not-- you've just signed a tennancy lease. If they don't voluntarily leave on the assigned date, you need to run eviction proceedings. where do you
by mellavora 5y ago
Another why not-- you've just signed a tennancy lease. If they don't voluntarily leave on the assigned date, you need to run eviction proceedings.
where do you start? what grounds for evicition? Unpaid rent? You've already agreed that rent is zero...
Why would a REIT/Private Equity not care about this? Because their goal is to rent the property in any case. Professional landlords already have this in their risk models.
- dragonwriter 5y ago> what grounds for evicition? Trespass; at the expiration of the lease period, without an agreement (which can be inferred from acceptance of rent after the expiration, so don't do that) the tenants become trespassers. > Unpaid rent? That or other lease violations are typically only needed as the basis when the tenant has a current rental agreement. (Either in writing or inferred from acceptance of rent by the landlord.) But, yes, the potential of having to deal with the process isn't something that should be ignored (nor are all the positive obligations on landlords.)