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General Landlording & Rental Properties
HomeForumsGeneral Landlording & Rental PropertiesAdditional Renter
Joseph F.'s profile image
Joseph F.'s profile image
Joseph F.
Pro Member
  • Multi-family Investor
  • from Canandaigua, New York
  • Member since Oct 14, 2013
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Joseph F.'s profile image
Joseph F.'s profile image
Joseph F.
Pro Member
  • Multi-family Investor
  • from Canandaigua, New York
  • Member since Oct 14, 2013
Connect
Joseph F.
Pro Member
  • Multi-family Investor
  • Canandaigua, NY
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General Landlording & Rental Properties

Additional Renter

Joseph F.
Pro Member
  • Multi-family Investor
  • Canandaigua, NY
Posted Jul 20 2014, 08:48

A tenant with an existing lease has approached me requesting to have an additional person move in and live in his two bedroom apartment.  I pay for water and heat so I said that I would agree to it provided I get an additional 15% rent.  The existing tenant is subsidized by SSI so I want to leave his lease as is.  I get my full rent, on time, every month.  What is the best way to set up the additional tenant to give me the maximum protection and leverage?

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