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Laurie Chimento
  • Rental Property Investor
  • College Grove, TN
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Need student lease agreement that allows for parent co-signs

Laurie Chimento
  • Rental Property Investor
  • College Grove, TN
Posted Nov 21 2017, 15:38

Hi all!

We have a former STR that we had to transition to LTR. (That's a story for another day.) But we found students who need a furnished unit for four months and can pay a higher price for such. I had a standard lease agreement given to me by a fellow landlord here in TN. However, with this being students, we are going to have their parents co-sign and I'm thinking I need a different agreement.

Also, we have this unit still fully furnished and equipped right down to the linens. When we were doing Airbnb there was a damage waiver insurance that the tenants paid for via Airbnb. I'm wondering if I need to do that in this scenario as well and how best to go about that. We are getting a months deposit, which could likely cover all damages.

Any suggestions? 

Anyone have a lease agreement that would fit this scenario? (I am in Nashville, TN btw.)

Any other advice you think I should know?

Thanks in advance!

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