Take over rental property question - Posted by Jburr
Posted by Jburr on October 08, 2003 at 23:20:40:
I am buying a duplex that has one tenant that has lived there on a month to month for 2 years. I see no signs that she is planning on moving out but was wondering if I should try to get her to sign a year’s lease. I intially see a few different approaches.
Leave everything as it is. She obviously is content with the current system.
Try and force her into signing an agreement.
Give her some type of incentive to sign an agreement. For instance I plan to poor a patio on her side and I could over this as part of the agreement.
What are you guys thoughts on this and how should I approach this situation. Thank ahead for all of your help.