Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

69
Posts
33
Votes
Logan Graham
  • Rental Property Investor
  • Rochester, NY
33
Votes |
69
Posts

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

User Stats

2,949
Posts
2,425
Votes
Nicole Heasley Beitenman
#5 Medium-Term Rentals Contributor
  • Investor
  • Youngstown, OH
2,425
Votes |
2,949
Posts
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
  • Loading replies...