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 almost 4 years ago on . Most recent reply

User Stats

65
Posts
20
Votes
Kirsten Milliken
  • Rental Property Investor
  • Ridgetop, TN
20
Votes |
65
Posts

Reduced rent for maintenance

Kirsten Milliken
  • Rental Property Investor
  • Ridgetop, TN
Posted

First, I know many reasons why this is not a good idea...but, I am doing it anyway. 

I am renting my home to an acquaintance of mine.  I have offered to reduce the rental rate in exchange for him agreeing to maintain the property and take care of any maintenance and repairs up to $500 per incidence.  I have a list of items he has to maintain regularly.  

I am wondering if anyone has a lease addendum that covers such an arrangement.  

Loading replies...