I have a 2 bed / 2 bath condo in Tempe AZ that we rent out -- in the past it has been a normal tenant lease but we now have a small Internet marketing firm that wants to rent it for their traveling "executives" -- one that will be there 75% of the time and the others will be traveling in and out of town... What type of lease will we need to have (we will require that the lease be in the company owner's name vs their company) and what do we need to know? I have added a $150 cleaning fee to the regular security deposit and will do a 6 month vs 12 month lease to see how it goes.... advice and suggestions from folks with experience in this area is MUCH appreciated -- this is a significant investment for me and while I don't want to jump at just anyone who is applying, we have had the unit vacant for 2 months now and I think if we know what we are getting into and handle this in a smart way it will be OK... thanks!
2007-01-02 12:12:17 · 2 answers · asked by Finnale 2 in Business & Finance ➔ Other - Business & Finance
The business must have license and insurance. You must also get permission to rent your unit as commercial property, you must also have insurance.
Also make sure the business is legal and won't disturb other residents (high traffic, noise, offensive, etal.)
2007-01-02 12:23:12 · answer #1 · answered by Jazz 4 · 0⤊ 0⤋
my concern is the homeowner assn might have a rule against this, since HOAs have all sorts of strict rules about everything. if neighbors see different dudes coming and going from yer unit they might get suspicious and report you to mgt.
2007-01-02 20:33:53 · answer #2 · answered by njyogibear 7 · 0⤊ 0⤋