Learn how to stay prepared for tenants not renewing their lease with these top 8 considerations for landlords. From handling security deposits to finding new tenants, this blog post has you covered. Read more at https://articles.ezlandlordforms.com/move-out-and-eviction/what-s-the-difference-between-an-eviction-notice-violation-notice-and-non-renewal-notice/

1. WHEN TEN A N TS M O VE O N :
Top 10
Considerations for Landlords Regarding
Non-Renewal

2. Introduction:
As a landlord,it's inevitablethat at some point,tenants will
moveoutof your rentalproperty.Whetherthey decideto
relocateorsimply choose not torenewtheirlease,it's
importantforyouas alandlordtobepreparedforthis
eventuality.In this document,we'll discuss thetop10
considerations forlandlords regardingnon-renewalofleases.

3. If you know your tenant won't be
renewing their lease, start planning
early. This will give you enough
time to find new tenants and avoid
losing income.
1. START EARLY

4. Make sure to communicate
effectively with your tenant about
their plans to move out and any
expectations you have regarding the
condition of the property when they
leave.
2. COMMUNICATE
EFFECTIVELY

5. Before your tenant moves out,
conduct a thorough inspection of
the property to ensure everything is
in good condition and there areno
damages that need repairing.
3. CONDUCT AN
INSPECTION

6. Discuss the return of their security
deposit with your tenant before they
leave and provide them with an
itemized list of any deductions made
from it.
4. DISCUSS SECURITY
DEPOSIT

7. Once your current tenant has moved
out, market your property effectively
to attract new tenants quickly and
minimize any loss of income.
5. MARKET YOUR
PROPERTY

8. When screening new tenants, make
sureto follow proper procedures
such asrunning background checks
and verifying employment and
rental history.
6. SCREEN NEW TENANTS
CAREFULLY

9. Take the opportunity to update your
lease agreement based on any lessons
learned from previous tenants or
changes in laws or regulations.
7. UPDATE LEASE
AGREEMENT

10. Be prepared for turnover costs such
as cleaning fees, repainting walls, or
replacing carpets by setting aside
funds specifically for these expenses.
8. PREPARE FOR
TURNOVER COSTS

11. Maintaining good relationships with
neighbors can help you attract new
tenants and avoid any potential
conflicts or complaints.
9. MAINTAIN GOOD
RELATIONSHIPS WITH
NEIGHBORS

12. Offering incentives such as
discounted rent or waiving the first
month's payment can help attract
new tenants quickly and minimize
any loss of income.
10. CONSIDER OFFERING
INCENTIVES

13. Conclusion:
Non renewal of lease is an inevitable part of
being a landlord, but by following these top
10 considerations, you can be prepared for
turnover and ensure that your rental
property remains profitable. Remember to
start planning early, communicate effectively
with your tenant, screen new tenants
carefully, update your lease agreement,
prepare for turnover costs, maintain good
relationships with neighbors, and consider
offering incentives. By doing so, you'll
minimize any loss of income and keep your
rental property running smoothly.

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