He was previously my teacher in high school, so I've had a relationship with him and I've signed a buyer's agreement with him.

@Renee LeFevreTo rent out your basement, follow these steps: check local regulations, prepare the basement with separate entrance, screen potential tenants, draft a lease agreement, set the right rent price, consider tax implications, update homeowner's insurance, and build a positive tenant relationship to attract quality renters.Good Luck!

Also it matters if there is also a lease up fee the PM will collect, look at your agreement. 

With my w2 job, the agreement we sign to work outside the office specifies that we will work at a designated specific approved location (our home).

Establish an operating agreement for each LLC.

Good day community,I have contacted a number of agents about engaging in a master lease agreement arrangement with the seller.

This fee is typically a percentage of the remaining balance and can vary based on the loan agreement.2.

. • The unauthorized person or persons are not current or former tenants pursuant to a written or oral rental agreement authorized by the property owner. • The unauthorized person or persons are not immediate family members of the property owner. • There is no pending litigation related to the real property between the property owner and any known unauthorized person. 

I’m not only working on my case with these buyers and a DeKalb Pastor & Chaplain of DeKalb Sherriff Office on over 2.5M...but this now appears to be related to a HUGE Mortgage Fraud Criminal Ring here in Metro Atlanta with quite a few of confirmed fraudulent documents on many properties as more evidence shows up.Some of the names I have confirmed provided or created fraudulent bank statement, operating agreements and forged QCD docs to obtain mortgages illegally then allow them to foreclose.

Hi, as others have said, it depends on what your lease agreement states.