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Can I get a commercial loan without 25% down?
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Why would you charge extra? It’s to your advantage to get a few more months’ rent. All of my rentals are 1 year for first year, then automatically go month-to-month when the lease is up. This gives me flexibility with rent increases and gives the tenant flexibility on when they leave (which they seldom do because I’m not an asshole landlord).
Why would you charge more? If the tenant left would you get 10% more in the market? Unless this is a market where there’s seasonality (like near a university), just extend the lease with current rent.
Definitely would prefer finding new tenant asap instead of in December/January.
That seems fair to me, although I do not like trying to find a new tenant during the winter months (and I’m in CA!) because the demand is way down and rents are too.
Public schools are bad which is why I had to move out in the first place but it’s close to downtown.
All of the corporate owned apartment complexes nearly double the rent if you want to go month to month after your lease is up.
They also let you cancel your lease with a 2 month penalty. It’s cheaper to sign a 15 month lease to get the lowest rent and then cancel when you want to leave.
A 10% to 20% premium for going “month to month” is very common. They should pay for the preferred convenience.
CD’s are the same way. The longer you lock up your money, the more the banks will “reward” your time commitment with a better rate.