Moving from Standard Lease to Corporate Lease

Moving from Standard Lease to Corporate Lease

Member since 2024 · 7 posts · 1 vote

I have a townhome in AZ that I have been renting to an employee of a local Community Center. The employee signed a standard lease, but the Community Center itself paid the rent & deposit as part of the employee's contract. The tenant's contract is up and is moving out but the CC has a new employee it wants to place in my rental unit. The CC would would now like to move to a corporate lease. Does anyone have experience with these? Are there specific addendum's I should add to the lease?

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  • Honolulu, HI · Member since 2008 · 3k+ posts · 2k+ votes
    5mo

    You should require have a "Personal guarantee" signed by the Renter or a verified officer of the CC, or both; also require the CC to provide you full names and contact info for the occupants as well as someone with the CC. Update annually.

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