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Updated over 7 years ago,

User Stats

150
Posts
74
Votes
Ron Rohrssen
  • Rental Property Investor
  • Marion, IA
74
Votes |
150
Posts

4 Adults and 2 un-related kids under 18 applying for condo

Ron Rohrssen
  • Rental Property Investor
  • Marion, IA
Posted
Hello. I'm looking for some feedback on a group of potential tenants that are pooling their resources to live in a 4 bed, 3.5 bath condo. There are 2 adult females and 2 adult males along with 2 17-YO males. Cummulatively, I think they will pass background checks. I'm only asking the 4 adults to apply and appear on the lease. I know that one of the 17 YO guys is a brother to one of the older males. I'll know more once I have the applications and background checks. The condo has a driveway and 2 car garage. I believe that everyone drives and cummulatively there appears to be 4 vehicles. Parking on the street is a little tight in this area, but manageable. I've had 4 vehicles in this particular unit before and everyone managed without complaints from neighbors. As far as I'm concerned, the adults are taking legal responsibility through the lease for rent, damage, etc. I'm viewing the 17 YOs as long-term visitors. Anything they may damage is no different than a related minor or a visitor. The adults on the lease are responsbile. Here's what I'm questioning: 1. When the 17 YOs turn 18, turning the lease period, do I need/want to add them to the lease and put them through a background check? 2. Am I thinking of the minors correctly as visitors or minors? 3. I normally do a 12-month lease. In this case, there may be advantages to a month-to-month. Thoughts?

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