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Updated over 2 years ago on . Most recent reply
Business entity as tenant
Hi,
Writing up a lease agreement for a duplex. Tenant would be a Hotel/Dev Company and they will house their employees. What should I include or consider in the lease agreement beyond a standard lease? What should I be wary of ? Thx!
Most Popular Reply
Richard F.
#1 Tenant Screening Contributor
#1 Tenant Screening Contributor
- Property Manager
- Honolulu, HI
Aloha,
Are they renting one side or both sides of the duplex? Regardless, I would specify "Quiet Hours 10 PM - 8 AM Daily" to keep peace in the neighborhood, and absolutely require a separate "Personal Guaranty" from a LOCAL manager of the company for rent and damages (with the appropriate ID and background check, of course). If it is a Corporate entity, you also need a copy of their Corporate Resolution authorizing the expenditure/rental agreement.
Are they renting one side or both sides of the duplex? Regardless, I would specify "Quiet Hours 10 PM - 8 AM Daily" to keep peace in the neighborhood, and absolutely require a separate "Personal Guaranty" from a LOCAL manager of the company for rent and damages (with the appropriate ID and background check, of course). If it is a Corporate entity, you also need a copy of their Corporate Resolution authorizing the expenditure/rental agreement.