Should TA fixed term to middle of Jan or just one year to May next year?

[nintiger]

My tenant is gonna leave although the TA was signed in fixed term to middle Jan next year. I guess there is not much I can do if they wanna leave. I always do fixed term TA. I'm in chch. In my mind Jan, Feb is the best month to get new tenants. So I'm thinking of just do a fixed term to middle of Jan next year rather then an one year term this time for the next tenant.

Is this a good idea. Thanks

[revdev]

If you sign fixed term TA's, but don't enforce them, what is the advantage over a Periodic Tenancy? I don't see much point myself.

[drelly]

You can hold them to it but offer them the chance to find a new tenant for you. That's what I do.

[mrsaneperson]

Has anyone had success at enforcing the fixed term tenancys when tenant decides to call it a day for financial reasons? I had a tenant sign up for 6 months , after 5 weeks he told me he couldn't afford the rent , reckoned he'd lost his job & gave me 3 weeks notice. Smelt a bit fishy !

[DazRaz]

Well it's not hard to re-rent a place in Christchurch at the moment. Unlikely to lose any rent if you can show prospective tenants through.

[nintiger]

Right, in my case, they have prepared to leave without 3 wks bond back. So I need looking for new tenants. just dont know the new TA if i should fix it to Jan or just another one year fix.

[drelly]

I think you pick your battles. If someone has genuinely lost their job, then you can't get blood out of a stone. However, if someone takes off just because it's inconvenient for them, you can definitely get your money. I got over $1700 in rent payments from a tenant who left in the middle of winter in Paihia = almost impossible to get new tenants. That equates to about 2 months rent after she left for this place. I'm currently dealing with a tenant who's had a messy relationship break up. I'm letting him terminate his tenancy as soon as a new tenant is signed. He's going to owe me over $3k.

[flyernzl]

But will you get it? ($5 a week for how many years?)

[drelly]

But will you get it? ($5 a week for how many years?)

I always get it. I've just started collecting $20/wk from a 5yr old debt. Had to wait for her to return from France!