renovating w/out tenants
i have a rental unit i’d like to renovate. I have tenants in there (their lease is up november 1st)…i’m not renewing their lease so i can do this reno in between tenants. i’d like to be nice and give them a few months notice (4 months for example) but am wondering, do i give…
i have a rental unit i’d like to renovate. I have tenants in there (their lease is up november 1st)…i’m not renewing their lease so i can do this reno in between tenants. i’d like to be nice and give them a few months notice (4 months for example) but am wondering, do i give them a new lease for those 4 months? i need to time everything exactly right for scheduling contractors/ordering mtls but don’t want them to leave the apartment any earlier… has anyone had any experiences like this? sorry if it’s a dumb question.
4:13- you’re right insofar as “Give them notice, do the work, re rent.” Of this there is NO QUESTION. But where does the “squeeze everything they can out of the tenants they want to kick out.” part come in? I heard/read “i have a rental unit i’d like to renovate. I have tenants in there (their lease is up november 1st)…i’m not renewing their lease so i can do this reno in between tenants. i’d like to be nice and give them a few months notice…” WHERE’S THE SQUEEZE as you put it??? Who knows-maybe the tenants “came with house” as often happens and the buyers opted to keep them (and an “inferior” apartment) as part of the transaction. And maybe, just maybe, the current owners would now like to upgrade their building/apartment. Whatever happened to OWNERSHIP FOR PRIDE’S SAKE- it doesn’t ALWAYS have to involve squeezing out somebody’s last dime! Geesh…sad state of affairs in the land of opportunity I tell ya.
OP, just do the right thing and you’ll get the right result.
4:13 here.
My problem is not that they want to raise the rent.
Just that they want to squeeze everything they can out of the tenants they want to kick out.
Give them notice, do the work, re rent.
4 months is ample time, no?
4:13 get over it. so what if they want to raise the rent. how do you know the circumstances?
maybe it’s grossly under market or something.
I wouldn’t even attempt to get a 4 month lease. Just do a ‘month to month’. Hopefully you have a decent relationship with your tenants. I would definitely give them ample time to find alternative living.
But you are bound by the law here. You can only hope it doesn’t turn into a holdover case, or you’re going to have more problems than you’ve bargained for.
i think what the posting is getting at is that they arent expecting these tenants to move back after renovating. they are using the gap to do the renovation…however long that may take.
sounds like you could just extend the lease.
nice of you to give them lots of notice though!
4:08 PM
Hi Tennant,
We’re going to ask you to leave. We’re then going to make your apt prettier than it was before.
That prettiness is going to cost us money.
We’re then going to re-rent it out at the exact same price.
Hmmmmmm
2:38 PM
jackass…they said they are renovating. no one said anything about upping the rent. don’t assume so much.
Month to month is indeed the way to go as put forth by putnamdenizen, and I believe is pretty much in effect from the date of the official lease expiration (please don’t barrage me with insults if I’m mistaken all you Brownstoner atty’s out there). I think of equal or even paramount importance is the actual relationship (if any) you have with your current tenants. I have owned buildings in the borough and peacefully coexisted with my tenants throughout a couple of these same scenarios-thanks to a bona fide “relationship”. No “holding over” as it were, and frankly, if renos didn’t take longer than is invariably the case, I’m sure some would have chosen to return after a “brief” exodus”. Unfortunately it’s clearly not practical for a tenant who currently resides there…so expect your tenants to move on time and do the right thing provided you do the SAME- give them ample notice-90 days is plenty.