I'm living in SC right now and I found someone to rent a room in my house (I'm the owner). What should I do as far as paperwork goes? Security deposit, etc? I found a lease agreement online, does it need to get notarized or something? Do I need to make it specific to sharing a house?I'd appreciate any advice from someone who's done this before! thankshere's the agreement I foundhttp://www.ilrg.com/forms/lease-res/us/sc
2/4/2010 5:04:16 PM
I'm not sure with the legal stuff, but you need be clear if this person is merely renting a room or is in fact a full fledged roommate, complete with shared use of common areas. I assume the latter, unless you're operating a hostel or a bed and breakfast.
2/4/2010 5:12:35 PM
You don't need to have it notarized, a signature will do. I would recommend getting a security deposit, but that's just to ensure that the person can come up with more than 1 month's rent at a time (which means they should be able to continue paying) and they should care something about the condition they leave the room in. Make sure you take pictures of the room and its condition before they move in. That seems to be a pretty thorough lease agreement, but make sure it pertains to renting a room/roommate like ^ said. Also, I don't see anything in there about breaking lease, but maybe I missed it?You also may want to change this language, or tweak it a bit, unless you're letting a family stay there.
2/4/2010 5:17:37 PM
actually I like this one too.http://www.charlestonrealestateguide.com/residential-rental-agreement.pdfthere's no time commitment, it's gonna be month-to-month. Utilities are included in the rent. thanks so far guys!! also I forgot to mention this, but my boyfriend will be moving in for 2 months in the summer, when rent will be reduced. (the roommate has agreed to this). what should I do about that in the agreement? ]
2/4/2010 5:36:46 PM
That is a much more thorough lease agreement (the second one). As far as changing the rent, you can either sign a different lease when he moves in, or just write it out explicitly on this lease. Tenant will pay XXX from Feb-whenever. Tenant will pay XX from whenever-end of summer, at which time rent will return to XXX.[Edited on February 4, 2010 at 5:42 PM. Reason : ]
2/4/2010 5:41:58 PM
OK cool! there's an empty space on the end for "additional terms" where I could add that.
2/4/2010 5:52:29 PM
2/4/2010 8:58:27 PM
Paging theDuke.
2/4/2010 9:02:50 PM
Good advice Jax!^ yeah I just read his thread and hopefully getting a lease will avoid those troubles
2/5/2010 5:38:38 PM
I'm not saying that a written lease is a bad idea, but I don't think it would've helped in any way in my case.
2/6/2010 4:55:16 PM
^ i agreeYou still would have some returned checks and court as your only recourse to collect.
2/7/2010 9:17:21 AM
^^Yeah, it's pretty clear you fucked up when you left for three months and didn't cash any of his checks.You know how pathetic people are when it comes to money...you talk shit about dumb money management on here all the time, and I still think it's weird you assumed he'd have multiple months' worth of rent in his bank account when you weren't there to hold him accountable.
2/7/2010 9:57:28 AM