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Updated over 8 years ago on . Most recent reply

User Stats

38
Posts
3
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Ben Wenger
  • Investor
  • Lititz, PA
3
Votes |
38
Posts

Two leases with same tenant

Ben Wenger
  • Investor
  • Lititz, PA
Posted

I had a tenant ask if I would device their lease into to leases?  Basically he's trying to get rent assistance and my the rent is to high for him to qualify. So he is asking that I sign two leases with him. One for $750 and one for $175 toake up the total $925 monthly rent.  That way he can take the $750 lease to them and get funding assistance.  I'm am open to any thoughts or problems you see with this ?

  • Ben Wenger
  • Most Popular Reply

    User Stats

    5,544
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    Jeff B.
    • Buy & Hold Owner
    • Redlands, CA
    2,364
    Votes |
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    Jeff B.
    • Buy & Hold Owner
    • Redlands, CA
    Replied

    You got to be kidding.  You should have a clause at the bottom of the lease:

    • The agreement supersedes all prior agreements.

    You can NEVER have two concurrent agreements for the same property.  ANY flaw will invalidate BOTH.

    Sounds like a section 8 and there's still one agreement with full rent.

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