Home > Business & Finance > Renting & Real Estate > Why do apartments allow someone to stay longer than a year if the lease is only 12 months? Or does that depend on the department?

Why do apartments allow someone to stay longer than a year if the lease is only 12 months? Or does that depend on the department?

  • Best Answer

    The initial lease may be for 1 yr but that does not mean people can only stay for 1 yr.  They can stay as long as the landlord allows them to. 

    Landlord365
    Lv 5 1 month ago 0 0
  • Other Answer
  • The initial lease may be for 1 yr but that does not mean people can only stay for 1 yr.  They can stay as long as the landlord allows them to. 

    Landlord365 1 month ago 0 0
  • When the year lease is up, if the tenant is a good tenant and the landlord isn't planning on selling the place, or something, then the landlod wants the tenant to stay there as long as they are willing to.  I've had tenants that lived at my places 20 years and more. They always paid the rent on time, never really complained about anything and their lease had been month to month for 19 of the 20 years. They were getting a great rent since I was very slow to raise it (because they were such great tenants) so every one was happy.

    Slumlord 1 month ago 3 0
  • Because the whole point is to have the unit occupied and paying rent. So you want a tenant in there paying rent as long as possible,

    Pascal the Gambler 1 month ago 1 0
  • Because a good tenant is a valuable asset to a real estate investor.

    linkus86 1 month ago 3 0
  • after the lease has expired, it is now month to month

    R2D4 1 month ago 1 0
  • The initial contract is for 12 months, the landlord can either produce a new termed contract for them to sign or allow them to stay on a month to month basis...however with one months notice the landlord can change any terms/condition including increasing the rent ...... so it depends on if the landlord wants a termed contract tenant or any easy to get rid of.increase the rent tenant

    Maxi 1 month ago 1 0
  • If the tenant has a history of paying on time and they're not a constant nuisance to the landlord - they might allow them to continue on a month to month basis - but usually require them to sign a new lease.

    Kaz 1 month ago 1 0
  • It depends upon the terms of the lease. There can be an automatic renewal, or signing a renewal, or a time extension built into it, or more commonly, the tenancy becomes a month-to-month at the end of the lease term. Sometimes, the tenant can make an arrangement with the landlord for a short time before moving out.

    It does depend upon the apartment management and lease. A person can be evicted at the end of a lease.

    A.J. 1 month ago 0 0
  • simply renew the lease

    Anonymous 1 month ago 0 1
  • Apartment sorry.

    Goji Fan 1 month ago 0 1