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Straightforward guide on the way to Blackout Lease Renewal

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How to Blackout Lease Renewal

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In this episode of BiggerPockets Daily, host Tyler shares insights from the article "The Ultimate Guide to Lease Renewals" by Remin Okarua. Leasing renewals with reliable tenants can alleviate stress for landlords and serve as a strong cash flow source for a profitable business. However, it may not always be beneficial to renew a lease with certain tenants; sometimes, finding a new tenant can be a better choice. The guide outlines the importance of lease renewals for property management success and provides a straightforward process to ensure a positive experience for both landlords and tenants.

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Got questions?

Here are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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What is a quit notice from landlord to tenant?

It is a letter issued to a tenant by the landlord stating the specific date the tenant is expected to evict the premises and give up possession of the property. The notice informs the tenant of the landlords intention to evict him/her from the premises.

Can a landlord sell a house during a lease in Massachusetts?

During this 90-day period, the landlord cannot offer to sell the unit to anyone else. If you do not want to buy the unit or cannot afford to buy it, the landlord can sell the unit on the open market after the 90-day period has passed. Any person or entity buying your unit will then become your new landlord.

How much notice does a landlord have to give if not renewing lease in Mass?

Either the landlord or the tenant can decide to end the tenancy by giving the other party notice either 30 days or one month before the due date of the next rent payment, whichever is longer.

Can you get kicked out in the winter?

With winter quickly approaching, it is the time of year when I begin to receive calls from landlords and tenants alike asking, Can I evict my tenant, or be evicted by my landlord, during the winter? While many callers think the answer is no, they are mistaken; a landlord can terminate a tenancy and evict a tenant

What happens when a lease expires in Massachusetts?

If the lease expires without action or renewal, the tenant does not become a squatter. Under Massachusetts law, they become either a tenant at will or a tenant at sufferance . The difference is whether they have the landlords permission to remain. A tenant at will does have permission.

What does go dark mean in a lease?

The tenants right to cease operations at its leased space while the tenant continues to pay rent. A go dark clause is commonly negotiated in retail leases. The right to go dark provides tenants with maximum flexibility, which is especially important for large national retail tenants.

Does a landlord need a reason to not renew a lease in PA?

Generally (with a few notable exceptions, below), landlords and tenants do not have to give a reason for choosing not to renew a lease.

How much notice does a landlord have to give a tenant to move out in Massachusetts?

Your landlord must send you a 14-Day Notice to Quit if terminating your tenancy for non-payment of rent (M.G.L. c. 186, 12). If it is being terminated for any other reason, you must be given written notice 30 days, or one full rental period in advance, whichever is longer.

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Blackout Lease Renewal