Determining whether to renew the lease with your tenant
As the end of the initial term of the lease approaches, you, as landlord, have the option of renewing the lease with the tenant or terminating the lease at the end of the initial period.
Keep in mind that it is usually always worth renewing a lease with a good tenant who pays their rent on time and looks after your property than starting the search from scratch.
However, if your tenant has been less than ideal and is always walking the thin line between right and wrong, constantly paying late or not at all, and not looking after your property, then this is the ideal time to terminate the lease and place a good, well-paying tenant instead.