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Updated about 2 years ago,

User Stats

27
Posts
13
Votes
Jarreau Jackson
  • Rental Property Investor
  • Atlanta, GA
13
Votes |
27
Posts

Review &Feedback on Househack/ Rent by the Room Lease Agreement

Jarreau Jackson
  • Rental Property Investor
  • Atlanta, GA
Posted

Hello BP Community!

Strange request - I finished drafting a Lease Agreement (See Attached below) to rent out vacant rooms in my house and seek input on it.  I'd appreciate feedback and questions for clarification.  There are some nuances that I should mention:

1. I utilized 2-3 template agreements to individualize and curate this one for my needs

2. I was encouraged to use "Member" (vs. Tenant) and "Subscription" (vs. Rent) from a resource who shared a rent by the room agreement used in CA.

3. Property is a 4bd x 2ba SFH in Atlanta, GA (my primary)

4. This is my first house hack and I will be a first-time landlord

5. House has no furniture and I am seeking month-month (MTR) tenants

Questions:

- What should I include that I have not?

- What should I remove to better set me up for success?

- Are there negative implications of using Tenant and Rent vs. Member and Subscription? Or am I setting myself up well the way I have it?

- Is my strategy for handling utilities the best option?

Thanks for any input! Once it is buttoned up I'd be more than happy to share it with others.  I am also open to anyone sharing an agreement they currently have for the same purpose!

Thank you,

Jarreau

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