Our current lease expires May 31. We're thinking of buying an apartment, but due to some upcoming travel won't be able to close until around the end of June. Obviously, we don't want to extend the rental contract by another year, and are thinking of asking the landlord to let us stay for one or two months, until, say, end of July. Obviously, there are several scenarios: 1) the landlord says yes,... [more]
Our current lease expires May 31. We're thinking of buying an apartment, but due to some upcoming travel won't be able to close until around the end of June. Obviously, we don't want to extend the rental contract by another year, and are thinking of asking the landlord to let us stay for one or two months, until, say, end of July. Obviously, there are several scenarios:
1) the landlord says yes, no problem (best-case!)
2) the landlord says no, you can extend only for another year
3) the landlord says no, and I'm not extending; you need to leave by May 31
Considering that we're moving into the slow Summer, I could imagine the landlord not being too happy with us vacating the place by the end of July. On the other hand, the landlord might just be content with getting some additional months of rent before putting it back onto a slow market.
Before contacting the landlord about this, I'd love to hear any thoughts from you, the RE pros! What's the best approach?
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