The Importance of 60 Day Non-Renewal For Tenants

When a tenant is approaching the end of their lease and the topic of lease renewal comes up, it can often be a little awkward. Balboa Realty can step in and take care of it so you don't have to. Although some people may think so, renewals are not in fact automatic, and in our opinion shouldn't be. When it comes to all things Orange County property management, let Balboa Realty handle all of the details and take the stress off of you. Let's dive in more about lease renewals.

How can a property management company help me? Let's chat: (877) 713-6902 

Guaranteed or Automatic Lease Renewals

We understand that having automatic leases renewals makes it easier for both the tenant and the landlord, but it might not actually be the best thing in the long run. If you end up with a tenant that has been causing problems, you wouldn't want the lease to automatically renew. It's best to give yourself the opportunity to end things if need be. Also, when the process is automated, the landlord might forget to raise the rental price for the next lease.

60 Day Non-Renewal Notice

Instead of using automatic lease renewals, the best way to handle a lease renewal is to ask tenants to provide a 60 day non renewal notice if they intend on moving out when their lease expires. If the tenant does want to move out once their lease is over, this gives the landlord 2 months time to clean and market the property and ultimately find a new tenant. This minimizes the gap of vacancy between tenants and saves money. This way both tenants and property owners are always transparent and fair with each other which makes for a positive relationship.

Let's chat about Orange County property management: (877) 713-6902 

Published on Monday, July 22, 2019