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Real Estate
Reply to "Any disadvantages of keeping same tenant long term"
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[quote=Anonymous]I wouldn’t go 5 years. I would go 1 or 2 years (most) and then if all parties are happy, renew for another year or 2. No one benefits from such a long lease and you stand to lose so much (in addition to failure to pay rent think of possible damage - unauthorized pets / lease violations that damage the property / unauthorized sublicensees / angry neighbors /carelessness w property etc). It takes time to evict and it is crazy expensive. [/quote]
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