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Updated about 2 years ago on . Most recent reply

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Logan Graham
  • Rental Property Investor
  • Rochester, NY
33
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69
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Adding Utilities into the rent mid Lease

Logan Graham
  • Rental Property Investor
  • Rochester, NY
Posted

I am currently renting to an organization that has people in the apartment for a year at a time and they asked if I could add internet to the rent price. In your experience would you just add an addendum to the lease or would you create a new lease and rent amount? 

I was thinking about just creating an addendum to pay for the internet separate from rent until they renew the lease then include it from there. What are your thoughts?

Most Popular Reply

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Nicole Heasley Beitenman
#5 Medium-Term Rentals Contributor
  • Investor
  • Youngstown, OH
2,406
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2,912
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Nicole Heasley Beitenman
#5 Medium-Term Rentals Contributor
  • Investor
  • Youngstown, OH
Replied

An addendum. You would first have to get all parties to sign a cancellation of the current lease and then have all parties sign an entirely new lease. That's a lot more work than just throwing an addendum together. Then you can amend the lease at renewal to account for any changes. Disclaimer: I am not an attorney or lawyer. 

  • Nicole Heasley Beitenman
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