Should I accept a corporate lease?
I was hoping that I could get some advice from the collective about a question that I received from a prospective tenant today.
I am in the process of renting out my third investment property and I got an email from someone asking if I accept corporate leases. The wife emailed and said that her "husband works in oil and gas and a relocation company is going to put the lease in their name (the relo company's name).
This is not a situation that I have dealt with before, so I wasn't sure if doing something like this was riskier or safer than my typical person to person lease. If I were to go through with this, what are some of the things that I need to consider or make sure are in the lease prior to moving forward? I am not sure if the relo company would be paying their rent or if the tenant will be. Should I find that out?
Also, how do I deal with an issue where the tenant may need to be evicted (lack of rent payment, etc) ? How do I evict "a company" ? Or again, are there provisos that I would need to make sure are part of the lease that wouldn't put me into a pickle?
As I talk through it, it sounds more complicated than I feel like dealing with, but wanted to get some thoughts from folks who have some experience in this matter.
Thanks in advance!
--Sam