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

3
Posts
0
Votes
Alan De la rosa zamora
  • Westminster, CO
0
Votes |
3
Posts

House hacking sfh lease terms

Alan De la rosa zamora
  • Westminster, CO
Posted

Hello fellow Bp members! I recently acquired my first sfh to house hack and I'm currently doing the screening process with perspective tenants. The house has 6 rooms and ill be renting out the other 5 bedrooms. Since there's gonna be 5 different people moving in I've offered to do a "trial period" of 1-2 months to see if they will be a good roommate/tenant and so they can have peace of mind that they won't have to live with awful roommates they aren't familiar with for a whole year. My questions are regarding the deposit and how to structure the lease. 

Can i tell them that if they dont end up signing the 12 month lease at the end of the trial period that i can keep their deposit in order to get the vacancy filled after they leave? 

Would i need to make them sign two different leases if they do decide to stay(month to month lease then 12 month lease after trial)? Or can i just modify the 12 month lease to include the 1-2 month trial period in the terms of the lease?

Thanks for the advice in advance!

Loading replies...