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Don’t Trust Temporary Living Lease Terms

Yep, we said it. At times, temporary living is a necessary evil, as opposed to a relocation benefit. Semantics, to be sure, but nothing turns us off more than landlords or property management companies who pack their lease agreements with fine print clauses designed to “trap” distracted transferees into a longer lease term and/or additional fees. It’s a shame and it’s bad business but, unfortunately, it happens.

Relocation providers, transferees and companies must know what to look for when it comes to these “gotcha” Temporary Livingclauses, especially renewal clauses such as the one discussed above and holdover clauses. We faced this situation over the summer. Here is the story:

We had a transferee moving to a popular area for the summer. Budget was limited, so the transferee knew from the beginning of her stay that she would max out after three months. As such, the lease terms clearly stated in bold that her lease was from May 31 – August 27th, with a move-out date of August 27th. The transferee was aware that if she wanted to renew the lease, she would have to give 60 days of notice. No one told her, however, about a holdover clause buried in the fine print that said she would have to notify the property of her vacate date 60 days in advance or else her lease would extend a month. Thinking all was well because she did not give renewal notice, she went about her summer. At the end of July she was notified that she would be charged for September’s rent. GOTCHA!

The absurdity of this catch 22 is real. Since the transferee’s lease automatically renewed without the 60 day vacancy notice, why would she have to give renewal notice in the first place? Since the lease terms were very clear, why would the vacate date not default to the vacate date listed at the beginning of the lease? It’s not a logical policy.

Unfortunately, sometimes we have to work directly with landlords or leasing management companies that take advantage of short term renters in this way. In order to counter such terms, we advise that transferees with a set end date review the cancellation/renewal notification terms and, if need be, sign the vacancy paperwork at the time of check-in. This way, the company cannot come back after the employee later on during the stay.

Have you had a negative experience with temporary living lease terms? Please share below.

Want more information about temporary living? Please download our latest whitepaper here: Ten Temporary Living Rules to Live By.

Happy reading!

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