I know this post is older but still very informative especially considering the BRRRR method LLC refinance stipulations.

A simple one page option saying. 1) I understand because of your circumstances you’d like to lease  MTM.2) I don’t usually do MTM leases and it’s harder to lease my property in the “winter”3) because you’ve been such good tenants I’d be willing to make an exception for you at the rate of $x+$200 with the stipulation your provide more at least a 31 day notice to give me time to find a new tenant.

@Srinath GopinathanThey will stipulate what is common area property and what is the unit owners responsibility.Also covenants will dictate things like no gas grills and other things that can and cannot be done so they can properly insure and not over or under insure

Originally posted by @Aaron Collie:@Frank Patalano working with a good agent after I keyed in on a property it was smooth sailing, the thing that’s holding me back is the actual seller, who can’t get a unit vacated before closing even though it’s stipulated in my purchase contract..

I suggest talking to other landlords in your area or up-to-date on the current landlord tenant ordinancesHere in Chicago (Illinois) there is no limitation on income stipulations for screening and as other said, there’s no federal stipulation either.Like @James Wise, I would move onto the next tenant without blinking an eye!

Can I exit the syndication before the stipulated exit timeframe?

If everything is fine on the legal / rental side of things I would stipulate in the lease that the large living room closet would not be allowed to be used as a bedroom and would need to be utilized in some other capacity i.e walk in closet.I understand no one can give legal advice on this site but guidance or websites to look over would be a huge help! 

He is charging for a service that you would not have been able to secure on your own.I would stipulate this is on a per deal basis.Gino

Do you have stipulations?

What stipulations do you give your tenants regarding grills?