Holdover Tenants: What to Do When a Tenant Stays Past the Lease Period

Posted by & filed under Leases.

Most tenancies go as planned; when the lease period ends, the majority of tenants either choose to move out or sign on for another year. In some cases, though, you may have a tenant who chooses to remain in the rental beyond the official tenancy period—also known as a “holdover tenant.” Understandably, having a holdover… Read more »

The Pros and Cons of Month-to-Month Leases

Posted by & filed under Leases.

Landlords are faced with many important decisions when renting their properties, including the duration of the lease. Although all landlords would like to have stable long-term tenants, there are times when a month-to-month lease may be a better option than an annual one. A month-to-month lease lasts for 30 days and automatically renews at the… Read more »

What is a Leasehold and Should Landlords Consider It?

Posted by & filed under Rentals.

Most landlords are intimately familiar with lease terms, whether they offer them for six months, one year, or two years – the most common timeframes for a rental lease. However, there’s an extended lease option, known as a leasehold, that may be worth consideration as well. What is a leasehold? In a nutshell, it’s a… Read more »

Renewing Rental Lease Agreements: What You Should Know

Posted by & filed under Rentals.

Leases and rental agreements are part and parcel of a landlord’s job, which means you’ve got to know their ins and outs. You’ve already managed to get your first batch of leases signed — that’s fantastic. Now the lease term is almost up and it’s time to start thinking about renewals. What do you need… Read more »