Question:
“Due to the crazy laws in California, I have to give my tenant a 60-day notice to move. But I’d like to get her out sooner by letting her skip the last month’s rent. Good idea?”
Answer:
No and yes.
Offering an incentive is a good idea, but never give a tenant an incentive to move early before she actually moves early!
Once she has received the benefit, the motivation to comply drops sharply. Makes sense?
So instead, tell her she’ll you’ll pay her a month’s rent AFTER she moves.
NOTE: In many cases, tenants living in a home over a year in California must be given a 60-day notice instead of the normal 30-day. The exception is if the home is currently in escrow with an owner-occupant buyer, you can do a 30-day. There’s a little more fine print than that, but I won’t bore you with it here.
