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Updated over 5 years ago on . Most recent reply

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15
Posts
6
Votes
Dan B.
  • San Diego, ca
6
Votes |
15
Posts

Elderly tenant, non-tenant son has taken over finances

Dan B.
  • San Diego, ca
Posted

I just purchased an investment property. One of the tenants is elderly. I was just informed that her son has taken over her finances. There was no lease agreement in place when I purchased. The tenant wants to stay, but I'm not sure how to draft the lease. Has anyone ever done a lease where the tenant living there will not be signing the lease? Do i put the elderly mother's name as the tenant and just have her son sign it?

Most Popular Reply

User Stats

73
Posts
49
Votes
Jason Leavitt
  • Rental Property Investor
  • Portland, OR
49
Votes |
73
Posts
Jason Leavitt
  • Rental Property Investor
  • Portland, OR
Replied

I agree that the lease should be between you and your tenant. If the son wants to sign then he should do so using a valid power of attorney (or court appointment as a guardian/conservator). You should review the power of attorney document to ensure it allows him to enter into such contracts on behalf of the parent. 

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