I want to rent my house to a gentleman that wants to start a halfway/recovery center for a alcohol/drug free environment. Does anyone have an appropriate lease that I could see?
Thanks in advance
Maureen
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I want to rent my house to a gentleman that wants to start a halfway/recovery center for a alcohol/drug free environment. Does anyone have an appropriate lease that I could see?
Thanks in advance
Maureen
Hmmmm. I would recommend finding a local apartment association or landlord's association and get as much advice from them as possible. I think you need more than a good lease.
The first red flag I see is your liability as the owner of the property. Whatever happens on that property, under that gentleman's control, YOU are still liable for. I know as an owner of multiple rental properties that is one of our greatest concerns. That's why we don't allow any kind of sub-leasing. We want to be the only ones controlling who lives in our property. I see this as a sub-lease from H*LL (sorry, don't mean to offend anyone). Also, your insurance may not even allow the property to be used for such a purpose. Also, there may be zoning restrictions... all kinds of things.
I don't think you're at the "need a lease" phase yet, in my opinion. Don't mean to be a buzz-kill (no pun intended), but as a landlord this has a LOT of red flags. The financial pay-off would have to be astonomical for me to consider it!!
Well first of course you will have to have the property zoned for multi family and/or boarding house, and also for a halfway house normaly there has to be a notice of neighbors to voice their concerns and so on. So has all of this been taken into consideration
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