Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago on . Most recent reply

User Stats

116
Posts
19
Votes
Peace Lily
  • Bridgeport, CT
19
Votes |
116
Posts

Tenant to pay off in a furnishing apartment so rent can reduce

Peace Lily
  • Bridgeport, CT
Posted

Dear BP members,

The tenant rented my room with furnishing $850 (I bought the brand new basic furniture for her before she moved in). If the room was not furnishing, it would have been $800.  Originally her contract is only for 4 months.  One month after she moved in, she would like to extend the lease for another 5 months and she would like the rent to be at $800.  She asked me to give her the total price of the furniture  I bought so she will pay me off in one check payment. From then on, the rent will drop to $800.

Question: Does that mean the furniture will become hers OR she is just paying off the rent that would have been the furnishing cost, meaning that I still have the possess of the furniture?  What is the standard?

Thank you very much,

Ling

Loading replies...