Lease to someone with a home-based business? : ezLandlordForms

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Lease to someone with a home-based business?

Renee R

started a topic about 14 years ago

I have a tenant application for one of my rental properties, who is otherwise strong, but has a home-based business. Anyone have any experience with this? Problems I should be aware of?

2 Comments

Justin R

said about 10 years ago

If you run a credit score or employment history you should find some track of income. If there is not that may be a red flag but as long as everything is written into the lease properly you and your property should be protected. Make sure to have extra addendum's like the marijuana and illegal activity.

Yu C

said almost 10 years ago

Good idea to have addendum... Thanks for the advise! The applicants backed out when asked for bank statements. Still, we didn't receive any employment history, nor the name of their home-based health care business.