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How to Replace Arrow in the Lease Renewal

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if youve already subscribed please click the bell button for instant notifications of any new videos jared lyle here with green ocean property manager in todays video im going to be talking all about common lease renewal mistakes what does that mean when you own an investment property and you have a tenant in a lease lets just say your lease ends august 31st which is very common in the boston area one of the biggest mistakes that a landlord makes is only sending out that renewal or starting to talk to the tenants in advance of maybe 45 30 days in advance maybe 60 for the majority of landlords thats a huge mistake because youre not going to start early enough and that allows you especially in a bad market to potentially not have the time to find the best tenants for you with green ocean property management we actually start nine months in advance and that allows us to be able to start at the top of the market price you better out and to be able to have a greater amount of people p

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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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What happens when your lease runs out?

It is not illegal for your landlord to increase your security deposit and ask for a second payment, but if you have a lease, your landlord cannot ask for a second payment unless it is expressly provided for in the lease. Without a lease, your landlord must first give you written notice of the security deposit increase.

What is an automatic lease renewal?

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

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.

How long can a tenant stay after the lease expires Texas?

For a monthly lease, your landlord must usually give at least 30 days notice. However, a local ordinance may make it longer. The notice must include certain information as mentioned in the article. To learn more about proper written eviction notices, please visit Giving a tenant an eviction notice.

How much time does a landlord have to give a tenant to move out in Texas?

Step 1: Written Notice to Vacate. Unless the lease agreement says otherwise, the landlord must give the tenant at least 3 days to move out. They cannot file an eviction suit before they give this notice in writing.

What happens when a lease ends in Texas?

Most lease agreements have provisions for what happens when a lease expires. Sometimes the agreement renews automatically, but the parties typically take the opportunity to renegotiate the arrangement. At the end of a lease, you can move out, renegotiate the lease terms, or fall back on a month-to-month rental plan.

Does a landlord have to renew a lease?

The fact that the terms of the lease has come to an end does not mean that you have to leave the property. Unless you or your landlord takes specific steps to end the agreement under the lease, it will simply continue on exactly the same terms. You do not need do anything unless you receive a notice from your landlord.

What happens if a tenant refuses to leave after lease expires in Texas?

If the renter fails to vacate the unit after the expiration of the lease, then they are considered a holdover tenant. In this case, youll need to give the tenant a 3-day notice to leave. If they dont, you can file for their removal in court.

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