Renting to a non-profit organization

[Jeff Aponik]

Hello all,

I have been contacted by a non-profit organization who is interested in renting one of our single family properties for 3 of their employees. The organization will be listed on the lease and responsible for making the payments. They have provided financial information showing their ability to pay the rent.

Does anyone have experience with this type of setup?

We will be requesting information on each of the residents, so that we may perform background checks...etc. Any other issues that we should be aware of or special considerations?

Thank you in advance for your help.

Jeff Aponik

[Colleen F.]

I don't have personal experience but there are groups that do this. I would ask why they are providing housing. Is this a one year assignment or something along those lines? Do people come from far away? What values/mission does the non-profit have? Do those values/mission fit with your rental criteria? What kinds of checks do they do on their employees and what happens if they let someone go? Personally I would rather have the non-profit then the employees on the lease with a stipulation listing occupants. Employers won't tolerate certain activities that are also undesirable in tenants so you would have additional assistance in getting a problem person out. A stipulation on occupants will be easier to change then a tenant name on the lease I would think but there may be legal issues to consider. Just my thoughts.