throwing the baby out?
I own an investment condo unit which I’m attempting to sell, so far unsucessfully. It’s been empty a while and so I’m losing a lot of money each month. I’ve decided to rent it month to month for much less than the market rental rate. The tenants would have to allow my agent to show…
I own an investment condo unit which I’m attempting to sell, so far unsucessfully. It’s been empty a while and so I’m losing a lot of money each month. I’ve decided to rent it month to month for much less than the market rental rate. The tenants would have to allow my agent to show the unit and have open houses every other week-end. A nice couple is willing to take it and she is due to give birth in July. The absolutely know the situation; that, when I go into contract they will get sixty days to vacate and they have agreed in writing. Mentioning this to some friends, they think I’m crazy to rent to this couple because of the possibility of their staying on, using the newborn as an excuse. Again, they fully understand they would be moving in month to month. Any thoughts.
Dude, 10:59 is right: the law is not on your side. By renting out an apartment which you intend to sell, you are creating a Pandora’s box. It’s hard enough to evict normal, non-pregnant tenants. Either you decide to sell this place, in which case you must sell it vacant; or you continue renting it for the foreseeable future.
Another point to consider: you potential buyer may not want to buy a condo with tenants in it, even if you provide reassurances that the tenants will leave. As someone who just spent 6 (six) months waiting to buy a house with problematic tenants, I can say this with certainty: never again will I consider buying a property that is not vacant.
My advice: tighten up the belt, take on some debt, but continue showing the apartment vacant. Lower the price if there’s no interest. There’s a price for everything.
Don’t do it!
Okay, but “ez” I am still concerned that you aren’t protecting yourself. While you could certainly decide not to rent the apartment at all, you can’t decide not to rent to someone because of a legally protected characteristic (such as family status).
Time flies.
Soon you will be going to a bar mitzvah and a graduation.
Yes but by law you must now rent to the first eligible tenant you show the apartment to. Here is the evidence for them to move right in.
no way would i write this to generate postings Putnamdenizen suggests above. i have better things to do…
I am glad i told it to you twice.
Maybe it will sink in!
Why are they taking your apartment on a month to month basis?
If you think they are moving after the baby is born you are dreaming.
Contract or no contract.
Babies Rule!
Do you have the heart to ask them to move with a newborn?
It is tough to find an apartment with a newborn baby
You are naive.
Why are they taking your apartment on a month to month basis?
If you think they are moving after the baby is born you are dreaming.
Contract or no contract.
Babies Rule!
Do you have the heart to ask them to move with a newborn?
It is tough to find an apartment with a newborn baby
You are naive.