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General Landlording & Rental Properties

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Tracey G.
  • Accountant
  • Baltimore, MD
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College House Hack Lease Advise

Tracey G.
  • Accountant
  • Baltimore, MD
Posted Jan 16 2018, 19:22

I bought a house near the college my son attends - house hacking via his college fund.  He is going to live there with three friends. The plan is that my son and I will be listed as the landlords and the other three will be our tenants. Currently it is on a third party lease that we will be terminating at the end of the current term so our group can move in at the end of the school year.

The tenants will be signing a joint lease and their parents will be signing a cosigner agreement. Standard leases near this school are 12 month June - May and we will be doing same.

I have minimal concerns about problems getting along, parties, etc., as they have been together in dorms for 1.5 years already but you never know what can happen.

Looking for any recommendations/suggestions of things to include for this house share lease.

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