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Updated about 8 years ago on . Most recent reply

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5
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1
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Kimberley P.
  • Investor
  • Southern California
1
Votes |
5
Posts

Adding a tenant's employer to an existing lease

Kimberley P.
  • Investor
  • Southern California
Posted

The tenant in a condo I own just moved in and signed the lease a couple weeks ago.  Now he has informed me that his employer will be paying a portion of the rent and they want to be added to the lease for tax reasons.  There are a lot of rental scams in my area, many involving "companies" that rent for employees (I won't go into all the stories I've heard) so I want to be sure I'm covering all my bases here.

Do I just add the company name to the lease he already signed and have them sign it?  Do I have them first fill out an application?  How can I ensure that the person signing the lease has the authority to do so on behalf of the company so that it is legally binding?  

One of my concerns is I don't want to give the company any rights to have anyone else living in the condo other than the guy I rented to.  

Thanks in advance for any help you can offer! 

Most Popular Reply

User Stats

5
Posts
1
Votes
Kimberley P.
  • Investor
  • Southern California
1
Votes |
5
Posts
Kimberley P.
  • Investor
  • Southern California
Replied
Originally posted by @Matt Clark:

Kimberley P. You can just politely tell the tenant "no" and that you don't modify a lease once it's in force. If the employer wants to pay the rent that's fine, but you aren't going to add them to the lease.

Thanks Matt, that is what I have done so far.  I wanted to ask the question to see how others would handle it in case they push the issue.  My tenant said his employer wanted it for tax reasons so I said I could give them a receipt.  That should suffice for taxes, so there's really no reason they need to be on the lease, in my opinion.  Thanks for the response! 

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