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Updated almost 5 years ago on . Most recent reply

User Stats

18
Posts
5
Votes
Chris Ganz
  • Investor
  • Chicago IL
5
Votes |
18
Posts

Tenants Vs Occupants

Chris Ganz
  • Investor
  • Chicago IL
Posted

Good evening,

I am in the process of writing up a new long term lease for a tenant (1 year), and the thought of tenants vs occupants crossed my mind.  Basically for these tenants I had two people listed on their lease that I acquired after the purchase as tenants and one person listed as a occupant.  I was wondering what everyone's opinions were or maybe the pros and cons of having someone listed as a occupant vs tenant.  In this case all individuals are over the age of 18 and do not mind being listed as a tenant so there would be 3 listed on the new lease as "tenant"

My question is would you all recommend listing everyone on the lease who is over 18 as a tenant.  Has anyone ever had any issues of approving an occupant after the tenant signed the original lease, and would recommend not doing this?   Any tips or personal reference experiences would be helpful.  

Thank you. 
  

Most Popular Reply

User Stats

512
Posts
301
Votes
Jonathan W.
  • Los Angeles, CA
301
Votes |
512
Posts
Jonathan W.
  • Los Angeles, CA
Replied

@Chris Ganz I agree with Nathan. Just having a background check on a tenant attached to the lease is way more secure as opposed to just having an occupant. Safer is better.

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