Condo Sublease, Tenant Demands Renewal Rider

>because the tenants are really nice,

oh that's good

> with promising job prospects,

Prospects but not actual job?

Any renewal option should definitely state the monthly rent for the renewal period, as well as the length of the renewal period. Additionally the lease should specify when the tenant must give notice of either intention to renew or to vacate - 60 days or 90 days before expiration. Which would also coincide with landlord's stated period in which the apartment can be shown for sale or rent.

Otherwise it seems as if you are really asking for trouble. Seems as if there's a reason for the 2 months security, which undoubtedly the tenant will use in lieu of the last 2 months' rent.

>Seems as if there's a reason for the 2 months security, which undoubtedly the tenant will use in lieu of the last 2 months' rent.

Hmmm.

By the way, what neighborhood is this in, what price point, and what kind of tenants are these?

fieldschester:
They are the "really nice" kind.

European?

H_Potter would know.
H has been losing sleep over this.
Most Europeans want to buy. Maybe they are the "Nice" kind, from Southern France.

well, we are sure they'll be laughing at our obsession about real estate.

>h potter - it certainly is not all "fine and dandy"

la di do de da, la de do de da

The fact that you are already seeing this as a potential legal problem should tell you something- and rightly so

I agree with Penthouse41 Lady.

"...unless or until the tenant says they do not wish to renew the lease."

Not "fine and dandy" for you, H_Potter.
Your tenants are probably laughing over your obsession about meeting their strict standards of their lease renewal.
How will they ever find another landlord willing to rent to them, on their terms?

(It doesn't matter where your tenants are from or if they are European.
chesterdaleburg doesn't get out in the real world very often.)