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Updated almost 3 years ago,

User Stats

138
Posts
47
Votes
Jeyo Punnakottil
Pro Member
  • Rental Property Investor
  • Houston, TX
47
Votes |
138
Posts

Ny one delt with insurence companies trying to lease for 2 moths

Jeyo Punnakottil
Pro Member
  • Rental Property Investor
  • Houston, TX
Posted

Ny one have experience with residential companies asking for short term LEASE ??Currently have a third party company working with insurence company trying to find a place for a tenant with house fire.The Third party company lets name them "ABC" role is to find a place for a tenant with a ppty damaged with house fire.Here is some things i cannot digest

1. They offering me double the rent .

2. Contract will be for 2 months with option to become month to month after that.

3. The lease agreement will be between landlord and the tenant and the third party company will not have their name in the lease but it will be the 3rd party ABC company paying the landlord everymonth.

4. ABC will give 1st month rent 3k + prorated rent + cleaning fee upfront

5.I ran the credit and employment for the tenants came out clean and meets my criteria..All i have with 3rd party company as of now is email chain of communication for terms and conditions

Which i am attaching below

""Please review and reply with “I AGREE”

Initial Lease Terms: 2 Months

Start Date:02/24/2022

End Date:04/23/2022

Rent Amount: $3000

Pro-rated Amount: $700

Rent amount after the initial lease term: $3000

Refundable Security Deposit: $2000

Renters Insurance Required: yes

Application fee paid by the insured: $45

Cleaning Fee $200

ABC Company Check being made payable to: Jeyo Punnakottil

Payable parties address: XXXXXXXX St.

Notice to vacate: 30 days

Extension Terms: month to month with 30 notice to vacate

Notice to vacate will be submitted via email to: XXXXXXXXXXXX

We will need a copy of your W9 for reporting purposes, as well as the executed lease once signed.

Occupants to include XXXXXXXXXXXXX & XXXXXXXXXXX

This property is unfurnished

Utilities:  not included

Appliances Included: (stove fridge micro washer dryer)

Upon insurance company approval the initial check will be sent via FedEx overnight and include the pro-rate for February, rent for March,all fees, and the refundable security deposit. All future rent payments will be sent via regular mail and received by the 1st of the month.

Payment will be released upon approval of the insurance company, a copy of the signed lease agreement and a W9 for the landlord.

Thank you for working with ABC to place XXXXXXXX family. Once the insurance carrier has agreed to all costs and terms, ABC will advise you when the lease can be signed. The lease agreement is strictly between you and the tenant and ABC is not a party to the lease. You hereby expressly acknowledge and agree that ABC is not responsible for any debts or obligations owed by the tenant to you and that ABC is not undertaking any such obligations. Modifications to this agreement must be made in writing.

Please review and reply with “I AGREE”

WHAT AM I MISSING?WHAT SHOULD I BE CHECKING? WILL YOU RENTING YPUR PROPERTY FOR SHORT TERM TO THESE ABC COMPANIES??

  • Jeyo Punnakottil