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Updated over 10 years ago,
Lease for Owner Occupied Property
Hey everybody, need a little advice from experienced people.
I bought a 4 bedroom single family home last summer. I rent out 2 bedrooms to friends and keep the master and 4th bedroom as an office. One of the friends is moving out and I will be looking for a new roommate whom most likely would be a stranger. As such I'm keen to get an appropriate lease in place. Because it's an owner occupied property, I am wondering if this changes what kind of lease I should use and if there are other considerations I'm over looking. (I know I should also get the remaining friend on a lease as well).
Thanks in advance for any help or guidance.