Easily Hide Calculations into the Lease Renewal

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How to Hide Calculations into the Lease Renewal

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hey guys cameron here with emerson property management every week i bring you tools tactics strategies lessons ive learned things have helped me build up a size one portfolio about two years and now manage that portfolio today guys i want to talk about renewals um i dont know how youre renewing your leases um people do it all sorts of different ways sometimes theyll do um a verbal and just say hey okay youre gonna stay cool we have an existing lease in place some folks do a one-page you know renewal kind of addendum to the lease some people sign a whole new lease so it just totally depends on what what your process is and what you want to do but on renewing that are you guys getting any extra rent are you guys just happy to have them stay so you dont want to get any extra rent youre like oh i dont want to i dont want to disturb the 10 im not going to raise the rent i want them to stay so i reduced my vacancy you know this property was kind of hard to lease last time so im ju

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Got questions?

Below 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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Does a landlord need to serve notice if not renewing lease?

Your landlord only needs to give reasonable notice to quit. Usually this means the length of the rental payment period so if you pay rent monthly, youll get one months notice.

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

Landlords and tenants must give 30 days notice to end a tenancy at will. Massachusetts law requires both landlords and tenants to explicitly inform the other when they want to end a tenancy at will. Only once this notice is provided will the lease end.

How do you calculate lease amount?

You may use the mathematical formula to calculate the monthly lease payments. PMT = PV FV / [(1+i)^n / (1 (1 / (1+i)^n / i)] For example, the cost of the leased asset is Rs 2,00,000. The residual value is Rs 50,000. The rate of interest is 8%.

How long can a tenant stay after the lease expires in Massachusetts?

As long as the tenant does not violate any rules, they can stay until their rental period ends. But if they stay in the property even a day after their lease/rental agreement ends and have not arranged for a renewal, landlords can issue a written 30-Day Notice to Vacate.

How do you negotiate a lease renewal example?

I wanted to send a note as my lease is expiring in # months and Id love to get some clarity on the renewal. Ive enjoyed my time in this apartment and would love to stay another # years. Given my good standing as a tenant, could we renew at the same rate? Happy to sign a renewal now, if we come to an agreement.

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

Renewals: A landlord in Texas may decide to not renew a lease for almost any reason. However, if the lease expires without a 30-day notice to terminate, the relationship will continue on a month-to-month basis.

Can my landlord refuse to renew my lease in Massachusetts?

Massachusetts courts take tenant rights very seriously. Landlords found to be in non-compliance of the law can be required to renew leases and they can also face fines and be compelled to pay court costs.

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

Your landlord must first send you a Notice to Quit your tenancy. If the landlord is terminating your tenancy for non-payment of rent, s/he must send you a 14-Day Notice to Quit (M.G.L.c.186, 11 and 12). Your lease will specify the notice requirement for other terminations; it is typically seven days.

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