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Cant decide if we should renew tenants lease. What do you think?

advancebooking
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mrwebb8825 Gold Member

mrwebb8825

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Posted

Another option: You could ask if they would consider a "Rent-To-Own" lease spreading the cost over 10-15 years with a "forfeiture of all funds paid" clause if they fail to complete it.

IF they're running a good business model it would be good for them AND you'd keep getting paid for the duration, the insurance issues would switch to them (her), and you'd have less headaches because Thai laws are different for purchasers vs renters.( i.e. responsibilities)

Might be a consideration based on your age and future plans with the property as repair/renovation costs will just increase over the years.

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