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Updated over 7 years ago on . Most recent reply

User Stats

37
Posts
12
Votes
Anthony Peric
  • Investor
  • Sacramemto, CA
12
Votes |
37
Posts

NEED: Lease addendum for work performed in exchange reduced rent

Anthony Peric
  • Investor
  • Sacramemto, CA
Posted

I am looking (if anyone has one) for a lease addendum for work performed in exchange reduced rent.

The situation is a guy my investor uses for work, just got notified he will have to move out immediately. We have a property which is need of work and is sitting empty, so we decided to rent to him at a reduced rate in exchange for partial labor in trade for rent. The period of rent is only for 6 months, which puts us back into the better time of year to sell the property. 

The property has been broken into a few times but luckily no major damage. Just some squatters looking for a place to stay. So we figured let's kill two birds with one stone. Get it lived in and some income, while getting it fixed at the same time. Also, this helps a really good guy and his wife out who happen to be in a terrible situation.

If anyone has something similar they have written up, please PM me or post that portion of the addendum here. Any and all help is greatly appreciated.

Thank you in advance.

Regards

Tony

Most Popular Reply

User Stats

108
Posts
49
Votes
Rob Chiang
  • Rental Property Investor
  • San Mateo, CA
49
Votes |
108
Posts
Rob Chiang
  • Rental Property Investor
  • San Mateo, CA
Replied
95 percent chance landlord will end up screwed in this situation. keep it clean and arms length if at all possible. Rent is due like normal. Work is paid when work is completed.

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