fee for long term guests : ezLandlordForms

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Paula D

started a topic over 7 years ago

Good day. I have a tenant that has been with me for 10 years. His parents have moved in for the past month with no end in sight. What is the best way to handle this? There is definitely an increased cost. Also, I was notified that the microwave isn't working properly and I have a hunch that the parents did not know not to put metal in the microwave. Is there a weekly fee? Thank you

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Bea S

said over 7 years ago

I would increase rent based on the rise in property value. If you were to sell your property it would be worth more than it was ten years ago, unless it is not being maintained.

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Scott H

said over 7 years ago

If they are staying long term have them sign the lease and increase the rent 5 to 10 percent to cover increased wear and tear.. Maybe more if you pay any of the utilities.

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Tim R

said over 7 years ago

I would just ask them I know that you have more occupants and I want to see If they are staying if so I would like to let you know that I will have to discuses rent just a little to cover the added wear thanks

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Stan M

said over 7 years ago

Rental property should be treated as a business. # of people living in the unit should be based on # of bedrooms and age. If your property can support the additional individuals and they want to stay there, have them fill out applications and do a credit check on them. They should be treated as new applicants. If they qualify adjust the rent as needed. If they refuse to apply, send actual tenants a 3 day Notice that they are in violation of the lease agreement and additional individuals must leave or you will start an eviction process. If current tenants move you should be able to get a much higher rent since they have been with you for 10 yrs. Must landlords don't keep up with current rents for fear of losing a tenant. As a result, rents tend to be a lot lower vs going rate. This is my opinion based on yrs of experience. Keep us posted. Interesting topic.

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Douglas S

said over 7 years ago

You have a good tenant who has been renting from you for 10 years. Everyone has hardships in their lives. These are his parents, not friends. I would not do anything. I would allow him to help his parents who in end will most likely help maintain the property and home. Do not lose a good tenant over a little bit of greediness.

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Stan M

said over 7 years ago

Douglas....this has nothing to do with greediness. If tenant and parents have an outing and tenant moves while parents refuse to move he would have a hard time removing them from property. Loss of income since parents are not on lease and eviction cost. As mentioned above, rentals is a business and must be treated as such. The question he has to ask himself is "How many months can I go without collecting rent before I go under?"