All Forum Posts by: Michael LaBaie

@Michael LaBaie

We have done this in the past, but always have an officer of the company sign off in the lease and that xxxx will be the only one residing in the property. Your lease should state that this home is for residential purposes only.

They should be able to pay online from their business account, just like they pay other corporate bills

We require all tenants to have a renters policy and you named as additional insured or additional interest so that you get notified if anything at all gets changed 

I turned down a gentleman who offered the same. He wanted his business name on the lease which was a red flag for me. For starters, the business would be able to use the residential property address as its business address (this is against the deed restrictions).

If there were any issues such as higher business traffic in a quiet neighborhood then I'm certain that the neighbors would have complained since no street parking was allowed. 

If the company went belly-up then what's my recourse. From a legal standpoint, a business entity is separate from an individual.

These were just a few of the concerns. I just think that if a business wants its name on a lease, then they should be in an area zoned for a business.  

It may be safer for you to put the individual's name on the lease even though the business is writing the rent check.

@Michael LaBaie Your city planning department will likely shut you done without a permit on a project like this! If thats the case then get a permit and you will get the address straightened out with them!

@Nathan Gesner is correct, if you are doing everything above board, then having a second mail box is no big deal. Just have the mailboxes near each other.

If you aren't some people have done a "123 Main Street Unit A" and "123 Main Street Unit B" type of scenario. Make sure it is properly labeled and go from there. Sometimes the post office has a problem with it so you just need to be aware of what's allowed in your market.

I assume you have approval through planning and zoning? If so, they will assign an address to the new unit and provide you with a letter that can be given to the post office.