Re:U.S. Apartment Market Shows Signs of Losing Steam
by prostoalex on Sunday April 10, 2016 @12:05PM
(#11466751)
A landlord (or tenant) on month-to-month schedule can provide a 30-day notice to vacate, while those in 12+ month leases must provide a 60-day notice. So it's partially about increasing landlord's flexibility (which might or might not involve raising the rent or kicking the tenant out in case prices go up), and partially about what the market will accept - it seems that everybody else is doing 12-month leases and switching MTM afterwards.
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Re:U.S. Apartment Market Shows Signs of Losing Steam
by gist on Sunday April 10, 2016 @01:56PM
(#11467345)
(Landlord here). From my perspective for a residential tenant a shorter lease is typically better. Mainly because you aren't going to want to spend money on legal action so with the tenant tying the property up you have less flexibility (note most of my tenants are commercials and credit worthy so it's the opposite).