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Updated about 2 years ago on . Most recent reply

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Sami Gren
  • Rental Property Investor
  • new jersey
38
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414
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lease agreement for garage

Sami Gren
  • Rental Property Investor
  • new jersey
Posted

HI,

my tenant has asked me to rent the garage in back of my multifamily property, I want him to use it only for storage, does anyone have any suggestions how to structure such a lease, or has such a lease form?

Thank you

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Patricia Steiner
  • Real Estate Broker
  • Hyde Park Tampa, FL
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Patricia Steiner
  • Real Estate Broker
  • Hyde Park Tampa, FL
Replied

There are several online sites that have a garage lease for non-occupancy.  I would secure one from a reliable source rather than attempting to create one.  Here's one site that has a pretty comprehensive lease:  http://www.lpsdata.com/wp-cont...

And, I recommend being very specific about what is acceptable and what is not.  If the garage has electricity, that poses a lot of other issues as well in addition to payment of the utility.  Will you be willing to have a Tesla charge installed in your garage and possibly a $40 electric bill for it alone?  Can the garage be altered in any way?  Can shelving be added, a washer/dryer?  What can be stored (what's the purpose of the rental)?

A colleague shared with me that a tenant who rented his garage defaulted and when they evicted him, they discovered that it was a "hoarder den."  Rotting food, trash/mattresses, car parts long since operational, and it looked like someone was squatting there. There were holes in walls and more.   In most other cases, it's a non-event and is used responsibly by someone who just wants to protect a car or boat from the elements.  

Hope this helps...

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