@Dash when does 4B at Scottsdale Ranch expire?
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Check when a lease expires and renews
A one-line question about a single unit comes back with the lease dates, the renewal window, what the rent is now against the rest of the building, and the fact that the notice date has already passed.
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31 October. Twelve month term, signed 1 November last year.
- Lease end · 31 October
- Renewal notice due to the resident · 1 September, which is Monday
- Resident notice to vacate, if any · due 1 October
- Current rent · $1,640 · two other 4-series units at the same property are at $1,720 and $1,750
The renewal notice is the live item. It has to be out on Monday to keep the current end date, and this unit is $80 to $110 under the two comparable ones in the same building.
Any reason not to raise it?
One. This resident has paid on time for 22 of 22 months and reported the water heater before it failed, which saved a unit turn. Nothing in the file suggests a problem tenancy.
The two comparable units were both re-let after a vacancy, so their rent is a new-lease number rather than a renewal number. A renewal at the middle of that range is the defensible move, not the top.
Give me the renewal draft at $1,700 and I will look at it tonight.
Drafted at $1,700, effective 1 November, with the on-time payment history referenced in the second paragraph. It is sitting in your direct messages for approval. Nothing goes to the resident until you approve it.
Teams @Dash when does 4B at Scottsdale Ranch expire?
31 October. Twelve month term, signed 1 November last year.
- Lease end · 31 October
- Renewal notice due to the resident · 1 September, which is Monday
- Resident notice to vacate, if any · due 1 October
- Current rent · $1,640 · two other 4-series units at the same property are at $1,720 and $1,750
The renewal notice is the live item. It has to be out on Monday to keep the current end date, and this unit is $80 to $110 under the two comparable ones in the same building.
Any reason not to raise it?
One. This resident has paid on time for 22 of 22 months and reported the water heater before it failed, which saved a unit turn. Nothing in the file suggests a problem tenancy.
The two comparable units were both re-let after a vacancy, so their rent is a new-lease number rather than a renewal number. A renewal at the middle of that range is the defensible move, not the top.
Give me the renewal draft at $1,700 and I will look at it tonight.
Drafted at $1,700, effective 1 November, with the on-time payment history referenced in the second paragraph. It is sitting in your direct messages for approval. Nothing goes to the resident until you approve it.