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Updated almost 7 years ago on . Most recent reply

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31
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3
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Phuong Dinh
  • Lincoln, NE
3
Votes |
31
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Tenants not on lease agreement RISK!!!

Phuong Dinh
  • Lincoln, NE
Posted

Hello,

I would like to know what are some RISK letting tenants friends live in my rental without being on the lease?

I noticed my tenants are letting their friends stay and sleeping in the house. Should I be worry?

They do pay full rent on time every month. 

Any advice would be great!

Thank you

Most Popular Reply

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1,272
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930
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Ray Harrell
  • Investor
  • Chicago, IL
930
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1,272
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Ray Harrell
  • Investor
  • Chicago, IL
Replied

The issue is that if they decide not to pay rent, and you know they were staying there they are now tenants with rights. You would have to evict them separately from your lease signing tenant and lease occupants. Also, each person is more wear and tear on your fixtures, materials, doors, toilets, etc. So there is an additional expense involved with letting more people.

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