Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

75
Posts
39
Votes
Keaton M.
  • Austin, TX
39
Votes |
75
Posts

Adding Tenant to Existing Lease

Keaton M.
  • Austin, TX
Posted

This is a twofold question.

1) I have a long term tenant who has been great. He pays early, quiet, respectful, and not needy. He had a friend move in with him for the summer. Is it reasonable/possible to put her on a month-month lease and keep the existing tenant on the 1 year lease? I don't want to give her a term lease, but how would I keep the leases separate? 

2) The tenant moving in had to break her previous lease due to abuse relationship. She paid all the fees to the previous place, but did break the contract. She also has a felony 2 years ago that is being moved to a misdemeanor soon. Would you allow this person to inhabit your rental? These would be warning signs for tenant screening, but since the existing tenant was paying rent on his own and she would be month-month with a security deposit, I see this as less risky. I just don't want to open the doors for a terrible situation for everyone. 

Thanks

Most Popular Reply

User Stats

70
Posts
75
Votes
Austin Mountain
  • Property Manager
  • Lancaster, PA
75
Votes |
70
Posts
Austin Mountain
  • Property Manager
  • Lancaster, PA
Replied

@Keaton M. yes, your addendum will be adding her to the existing lease.  Just put in the terms that she is month to month.  I wouldn't even bother with another deposit.  That just opens you up for an argument in the future about who caused any damages and who should be responsible. Just increase the rent and have them both sign off on the addendum acknowledging they are both liable for each other now.  

Loading replies...