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Updated about 11 years ago,

User Stats

47
Posts
5
Votes
Daren Wang
  • Norwood, NJ
5
Votes |
47
Posts

Rent out single family to 3 individuals

Daren Wang
  • Norwood, NJ
Posted

Hey friends and colleagues,

I was told by an "experienced" lawyer, that if I really want to lease my single family house to 3 individuals (who are not related), I could sign once master lease and include all of them. Well, I am still wonder two things, first, will I be still in trouble if something go south, and authorities find out that it is a single family house not multi-family one, and you don't find 3 individual at the same time, how could I sign 3 individuals when there is actually only one tenant, anyone has experience on this topic? Thanks a bunch!

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