I am currently living overseas. My apartment has been rented to a family for 2 years and the lease will end July 31 this month. 4 months ago I tell them via my agent that I need my apartment back for my own use because my daughter will go to school nearby.
They now refuse to move out and still keep paying rent to me because they said their child's school is close by and they cannot find another place with the same rent same size etc. I have been renting the apartment to them a bit cheaper than the market price. Now my agent asks for my advice and what should I do? They can say their child's schooling as an excuse not to move out but so do I. My daughter is moving back to US in Aug and we have no place to stay.
In this case, the worst case scenario. Can I tell them after July 31, end of this lease, if they really love my place, I will increase their rent to a much higher price, deduct all the expenses and the amount should be enough to cover my own rental for another same size apartment to stay?
My agent has been helping me for 20 years and is old. She is feeling helpless too.....
really appreacite if someone can give me some idea as i am overseas in Asia