Special offer

What happens if a tenant continues to pay rent after a lease agreement expires?

Reblogger
Real Estate Agent with Mezzina Real Estate & Insurance

Here is something to think about if you are a landlord or tenant. And, even if you are not one today - no one knows what tomorrow brings. Thanks to Roger D. Mucci, hwas the Operations Manager for a company that owned 26 apartment buildings in Ohio, for this informative information.

 

For Homes on the Jersey Shore.......Always Ask 4 Greg.

www.Ask4Greg.com

 

609-290-7962

Original content by Roger D. Mucci

What happens if a tenant continues to pay rent after a lease agreement expires?

Three things can happen when a lease ends.  The tenant can move out, continue to pay rent on a month-to-month basis or sign a new lease.

If the landlord/owner accepts the rent, in most states, the lease agreement automatically renews for one year.  If a new lease agreement has not been signed before the lease end date, the landlord/owner can only change the terms of the lease with a 30 day written notice to the tenant stating the new terms on a month-to-month lease agreement.  

The tenant and landlord/owner can also agree to extend the tenancy and sign a new lease agreement, but there is the option to increase the rent.   If the tenant agrees, the new lease agreement governs.

********************

Make it a great day! 

Please visit my website at www.shakenwithatwist.com or e-mail me at roger@shakenwithatwist.com

Please check out my brother Anthony's website.  

He owns a dog walking and pet sitting service in Fort Lauderdale.  

You, or someone you know may need his services some day.

http://www.dailydogwalkers.com/

Comments (6)

Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

Thanks for the re-blog Greg, much appreciated.  I'm not a real estate agent, but I help a friend who lives in Florida manages his rental properties here in Ohio and for years was the Operations Manager for a company that owned 26 apartment buildings.  This is basic information that so many people are not aware of..........landlords and tenants.

Jan 15, 2013 08:52 AM
Gregory Bain
Mezzina Real Estate & Insurance - Little Egg Harbor, NJ
For Homes on the Jersey Shore

I agree. That's why I stole it. Thanks again, Roger.

Jan 15, 2013 09:02 AM
Laura Giannotta
Keller Williams Realty - Atlantic Shore - Little Egg Harbor, NJ
Your Realtor Down the Shore!

I believe in NJ, after an annual lease expires and another is not signed the tenancy is considered month - to - month.

Jan 15, 2013 06:38 PM
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

I ONLY have fixed term leases and I have a 60 and 30 day routine of tenant notification PRIOR to the expiration of their lease....accepting rent is not an issue for me; however, DIY landlords do need to be careful if they want their tenant OUT and to regain POSSESSION of their property

Jan 15, 2013 07:13 PM
Connie Harvey
Pilkerton Realtors - Brentwood, TN
Realtor - Nashville TN Real Estate

Gregory, we have a tenant in my dad's place without a lease. i keep trying to tell her these things.

Jan 23, 2013 07:03 AM
Anonymous
leanne adams

Valuable comments - I was enlightened by the specifics - Does someone know where my company can locate a fillable Residential Real Estate Lease copy to fill in ?

Aug 25, 2016 10:03 PM
#6