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Updated almost 11 years ago on . Most recent reply
What to put in lease to protect Landlord for multiple Renters
I got a situation where I have 3 roommates looking to rent my 3 bdrm house. Obviously, not the most ideal, but it's already the end of the month. 2 of the roommates have a few thousand in the bank, and the 3rd has $10k or so. Rent is $2800. Credit is ok, 600s or so. What kind of language should I put in the lease agreement to protect myself from possible issues. I have done the following -
- increase security deposit by $1200.
- ask for only 1 rent check at the beginning of the month
- ask for only 1 person to contact me if there are any issues.
- have the guy that makes the least and has the least amount of reserves have his dad co-sign.
Anything else I need to add/consider?
Most Popular Reply
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Have language saying they are jointly and severally liable for the full rent amount and all damages.