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Lease question for Austin househackers ( by the room)

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Check Rosette Top Subjects:
Traditional Financing, Analyze Deals, and Residential
  • Posts 140
  • Votes 100

Matt Stricklen
Investor from Austin TX

posted about 2 months ago

I have a friend who intends to rent out a room when his new build is ready in may or june. I have pretty standard lease contracts ( like those found here on BP)for my more traditional rentals, but I'm wondering if those of you renting by the room use a standard contract with various addenda that you want for stipulations like shared space like the kitchen, how bills are covered, parking etc etc, OR do you use a totally different  lease? It will be his first landlording experience and I'd like to help him avoid some of the pitfalls and have some best practices to start out with.

cheers and thanks in advance. 

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Check Rosette Top Subjects:
Rentals, Traditional Financing, and Team
  • Posts 3.0K
  • Votes 2.2K

Jordan Moorhead
Real Estate Agent from Austin, TX

replied about 2 months ago

@Matt Stricklen I've always just used a standard lease myself

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