What To Do When An Additional Tenant Moves In?

[Ken N.]

Hello BP community, 

Any advice on what to do when one or more additional tenant move-in? 

Do I charge more? how much more?

Do they sign an amended lease? 

How much do you usually bump up the security deposit? 

Thank you! 

-Ken
  

[Kris L.]

@Ken N.

Get the new tenant to fill out an application, run the background check and get them on the lease. If their background is terrible, give your current tenant a written notice about how your lease does not allow adults not on the lease to reside there longer than 14 days in a calendar year (you do have that on your lease right?). If that doesn’t work, you might have to decide if you are going to evict over it or not.