Imagine how the colonizers must feel.
Yeah, let that sink in.
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I like the idea of taking something mutually beneficial and trying to fuck the other guy over anyway.
(Edit: This is sarcasm. I don't think it's a good idea. I think it's a stupid idea, the kind of idea that a stupid person would think of.)
Tenant is also on monthly tenancy so they can't give less than 1 month notices. So officially, they can leave end of Apr but legal tenancy doesn't end until May 31st. Lease contract worth nothing. Market is decent, if OP is out of the landlord game, sell, keep damage deposit for May rent and move on.
Officially tenant will owe differential for whatever income you missed within the contracted period. But who got time to go after that. At least this is pretty close to contract end date so it's not like you got a lot to lose anyway.
Lawyers, and judges, love confrontational people like you.
I hope gwills tenants find and screenshot his posts on here to make him look like the dingleberry he is in a future inevitable dispute hearing.
I feel like g-will is talking about a different scenario than the rest of the people in this thread, but whatev. I'm not a tenant or landlord.
I'd personally rather be a tenant than a landlord if I had to choose. But if I decide to get into Busters favourite asset class, there are ETF's for that.
:werd:
Yeah you got the deposit but you cant just keep it and then nickel and dime the tenants. If the tenants decide to take you to court they will always favor heavily on the tenants side so the place better have proof that it was immaculate before and then trashed after, i would also suspect the courts would want the proof from the LL on the move in and out. RE is still my favorite asset class:rofl:
hey guys! thanks for the input. my house was listed for sale soon after my tenant said they wanted to move out. it was sold 10hrs after posting at $32.5k over our asking price. i guess i got lucky!
the buyers, myself and my tenants also negotiated on a possession date that works for everyone. it all worked out in the end lol!
The craziness is not over! Glad it worked out for you though
*tenant turns heat off...
Man, reading this thread does not inspire confidence. I have a tenant who gave me 6-7 days notice that they are leaving when their lease ends in only 3 more months. Noting that this is now December and not April, finding a renter right now is not that easy. I'm debating what I should do as they already scheduled the move-out elevator. I still have their damage deposit.
Ideally would wish they just finished the lease, or at the very least give me more notice...
about all you can do is keep the damage deposit, give them a bill for the remaining term, don't expect them to pay it, and move on with your life.
Sorry to clarify, they're going to move out end of this month, but their lease actually ends in 3 more months.
I am afraid you are most likely right. Or maybe take this opportunity to learn the small claims process for my own knowledge.
Can you? I mean, directly? I thought the damage deposit had to be applied against legitimate damage... Rental arrears or early termination is a different animal and the DD cannot be applied for that... I mean, sure, there could be a lot of extra "damage", but you can't just say "you left early, so I'm keeping your damage deposit", can you?