Buying or Selling a Home/Landlord Property Rental
Expert: Hans Weber, Licensed Broker Associate - 8/29/2004
QuestionHello my name is Dino
I have some (commercial property) questions to ask you.
Background:
I own a 5500 square foot shop on 1 ¾ acres of gated land, with an apartment that I live in myself, above the shop. I rent the ground floor of the shop and land, with limited access to all for myself and my personal stuff. We split all utilities 50/50.
I have never rented my place to anybody, other than the guy who bought my old “Vending Business” from me and who has rented from me for the last 13 years. Well he has finally worn out his welcome with me and I want to raise the rent or find another renter.
I have No signed contract, lease or security deposit with this guy and he is on a month to month basis. I want to handle this situation very delicately because its seems to me as a “Novice” in property rentals business, I know that Landlords get sued more than, any other people in business!
In my situation, who has the upper hand legally, the Landlord or the Renter if things get nasty?
What are the typical dirty little tricks that disgruntled Renter's do to a Landlord, when forced out?
Can I make him clean up the shop or pay for clean up, if he decides to move out?
Should I line up NEW potential “Renter” as backup, before I spring the increase on him?
What steps can I take to help keep my property from setting Idle, BEFORE a renter decides to move out?
Thanks
Dino
AnswerHi Dino,
Sorry for the late response, your message only appeared to me today.
You have a long time tenant you want to get rid of?
Does the tenant want to leave?
You may want to back yourself up with a lawyer just in case.
I would say the terms of your unwritten lease are the amount of the monthly rent and whatever historic pattern you have had relative to it. You can increase the rent, the tenant can leave. You can ask the tenant to leave or help the tenant leave.
If you really want the tenant out don't make it harder by asking for clean up money, etc, just let the tenant go and find a new tenant.
Your next tenant should have a lease with terms including, rent, rent increases, termination notices, etc, then you both know where you legally stand. You can get a standard Blumberg Lease at an office supply store.
Hope this helps you.
Hans