Rooming House Lease Advice Needed

[Scott Donahue]

In the process of transitioning from SFR to Mixed Use Commercial! Just purchased a value add 16 unit rooming house with 3 commercial spaces. The property has about $50k in deferred maintenance, but surprisingly, a 90% occupancy rate. None of the tenants have leases in place and all are paying below market rents, in cash, to an onsite property manager who stays for free. I plan on SLOWLY raising rents to slightly below market rates as the rooms turn over. Same with the commercial space. My question is on the rooming rooms (yes, I know it's redundant): Does anyone have experience with leases in medium (if that is a thing) term rentals? Most of the tenants are week to week, but have lived in the property for years. I would like to get leases in place for numerous reasons, but I've never heard of such a thing for week to week renters. Any help here would be outstanding!

[Colleen F.]

I haven't rented rooms  as a landlord but I have seen the leases my kids and other family members have signed for rooming houses.  I have to say most of the content was rules.  The best was a real licensed rooming house M2M lease specifying they were a tenant at will,  some rules,  rent due date but left out a place to send the rent....  Some of the others weren't really worth the paper they were written on they were so bad. They are a lot shorter then house or apartment leases and covered visitation, alcohol, allowed appliances, etc.