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Updated over 3 years ago,
First Rental in Colorado- Few Quick Questions!
Hello! I own a home in Colorado and will be moving in with my partner, so I'm preparing to rent out my home. I have identified a tenant (friend of a friend) who is looking for a short term lease. I have a few questions for the community.
1) Some of my belongings will remain on the property until 8/31, although I will not be staying there at all, so we've discussed that she will be renting a "room" from me until that time at a heavily discounted price, plus the full cost of utilities as I won't be there. Does anyone recommend a specific lease related to renting a room in the home?
2) Once I move all of my belongings out, we will enter a new lease agreement whereby she rents the full home month to month. Does that sound right?
3) My home was built in 1985 and I am not doing any kind of remodeling to it. Do I need to test for asbestos before allowing her to live there?
4) Any other guidance? I'll have her complete a rental application (and consent to background check/credit hx), etc. etc.
Thank you!