Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 10 years ago,

User Stats

30
Posts
9
Votes
Sam Masiello
Pro Member
  • Investor
  • Commerce City, CO
9
Votes |
30
Posts

Should I accept a corporate lease?

Sam Masiello
Pro Member
  • Investor
  • Commerce City, CO
Posted

I was hoping that I could get some advice from the collective about a question that I received from a prospective tenant today.  

I am in the process of renting out my third investment property and I got an email from someone asking if I accept corporate leases.  The wife emailed and said that her "husband works in oil and gas and a relocation company is going to put the lease in their name (the relo company's name).  

This is not a situation that I have dealt with before, so I wasn't sure if doing something like this was riskier or safer than my typical person to person lease.  If I were to go through with this, what are some of the things that I need to consider or make sure are in the lease prior to moving forward?  I am not sure if the relo company would be paying their rent or if the tenant will be. Should I find that out?

Also, how do I deal with an issue where the tenant may need to be evicted (lack of rent payment, etc) ?  How do I evict "a company" ?  Or again, are there provisos that I would need to make sure are part of the lease that wouldn't put me into a pickle?  

As I talk through it, it sounds more complicated than I feel like dealing with, but wanted to get some thoughts from folks who have some experience in this matter.

Thanks in advance!

--Sam

  • Sam Masiello
  • Loading replies...