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-> Inquiries & Offers
-> Lakewood, Toms River & Jackson related Inquiries
amother
Chicory
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Fri, Aug 25 2023, 11:24 am
amother Raspberry wrote: | We signed a short term lease with a family below market because we told them we would need the house in a year. They said no problem.
10 months in , we reminded them that they need to leave and they put up huge fight, called us to Bais Din etc.
RENTERS - are called renters because it is short term.
If you want to stay long term, rent from a commercial management company who will give you 10 year lease.
What’s the point of signing a lease with a tenant if the tenant tells everyone he being KICKED out after he signed a legal document that it’s short term.
When the rental market dropped a few years back, there were tenants who threatened the landlords ( who had mortgages to cover) that either they lower the rent or they’re moving.
Some hard working Landlords ( or people who invested their hard earned money ) lost their houses.
Nobody complained then cuz it’s a free market ?!! No?!! |
A short term rental is short term. A long term rental is long term. They are different contracts.
Your tenant was wrong. That doesn’t mean all landlords are right.
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amother
Chicory
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Fri, Aug 25 2023, 11:27 am
Chayalle wrote: | I'm not sure what the law is, but I don't know if a new owner has to keep the existing tenant that was contracted by the previous owner, past the lease-expiration date.
Beyond that, whether he can rent it out to multiple tenants would be a legal issue, there probably is a max-occupation limit, and laws about maintaining a property, etc....
IOW this is less about keeping the previous tenant, and more about whom he can legally rent to, and what has to be done to maintain a property. | This, my understanding is this tenant can be asked to leave (since ownership changed) but the new owner absolutely can’t subdivide. Again, OP should contact LTRAP.
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