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Updated over 5 years ago on . Most recent reply
Elderly tenant, non-tenant son has taken over finances
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?
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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.