Tenant wants to move his lease from him to his business???

[Account Closed]

Current tenant is renting a SFH as he transitions his technology sales and service business headquarters from another city. He stays in the property during the weekdays when needed so he is an ideal tenant as there is little “wear and tear” and is a low credit risk. Recently his monthly rent has been late due to the fact his business is cutting the rent checks. He has asked for me to convert the lease agreement from him personally to his company. His reason is that he has to complete an expense form, get it approved (by himself) and then his accounting department has to cut a check and mail it. He states that if it was the company’s lease that it would be easier as it would be a monthly expense. My concern with this is liability but would love to hear your thoughts! Thank you all!

[Matthew Paul]

There is no good reason to do it . tell him he can pay from his checking account and the company can reimburse him when ever they feel like it