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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Prior to 3 day notice Posted by Kristine-CA on January 15, 2010 at 5:43 PM In Reply to: Prior to 3 day notice posted by Kelly B on January 14, 2010 at 6:48 PM If it were me, I'd start with a 90 day notice to terminate asap. He's a tenant in a foreclosed property so I wouldn't skip this step just in case things change and/or don't turned out as planned. Then right after that I'd do the 3 day quit or pay. If he pays, you've got rent, if he doesn't you go forward. But your 90 day termination stays in place. As for cash for keys, how much did you offer? My experience is that cash for keys will be rejected if it doesn't replace 3 months rent. Many tenants need 1st, last, and deposit, plus moving. Even then, tenants without credit or cars, etc., have a hard time moving. I suggest really looking at what cash for keys would mean to you and see if you can motivate the tenant with real moving money. : Acquired a property at trustee sale last week, it is tenant occupied-1x. He is unemployed and unable to pay rent. He wont take cash for keys because he has nowhere to go. I figure the best way to handle this is to give a 3 day pay or quit notice and file UD if necessary. Question is do I need to do any type of agreement or state the rent amount prior to serving the 3 day notice? Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : If it were me, I'd start with a 90 day notice to terminate asap. He's a tenant in a foreclosed property so I wouldn't skip this step just in case things change and/or don't turned out as planned. Then right after that I'd do the 3 day quit or pay. If he pays, you've got rent, if he doesn't you go forward. But your 90 day termination stays in place. : As for cash for keys, how much did you offer? My experience is that cash for keys will be rejected if it doesn't replace 3 months rent. Many tenants need 1st, last, and deposit, plus moving. Even then, tenants without credit or cars, etc., have a hard time moving. I suggest really looking at what cash for keys would mean to you and see if you can motivate the tenant with real moving money. : : : Acquired a property at trustee sale last week, it is tenant occupied-1x. He is unemployed and unable to pay rent. He wont take cash for keys because he has nowhere to go. I figure the best way to handle this is to give a 3 day pay or quit notice and file UD if necessary. Question is do I need to do any type of agreement or state the rent amount prior to serving the 3 day notice? [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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