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Updated about 2 years ago,
Review &Feedback on Househack/ Rent by the Room Lease Agreement
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