I am new to the rental property business and have decided to sign with a property management copy for rental and oversing my property. The property I have planned on renting is a 1900 sq ft house / 3 bedroom. I was recently notified from my rental property manager that 3 military men are interested in renting my place. I have no problem renting to these gentlemen (I too am in the military) but prior to their lease signing, I would like to understand if it is proper to increase the monthly rent. Is that considered discrimination? I am a little concerned about the wear and tear from three young men compared to a family.
2007-05-22 13:19:30 · 6 answers · asked by Johnny H 1 in Business & Finance ➔ Renting & Real Estate
The potential renters are expecting a certain amount of rent. Unless you're planning to have 3 separate agreements, you could be found guilty of discrimination. The only thing you can do is charge a high deposit (unless they've already been given the amount) or change the rental agreement to 6 months rather than a year.
Your question is quite disappointing.
2007-05-22 13:24:54 · answer #1 · answered by Venita Peyton 6 · 0⤊ 1⤋
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2016-07-19 20:30:34 · answer #2 · answered by Calandra 3 · 0⤊ 0⤋
I use to be an apartment manager--I would suggest that you run a credit check on all three people. Have all three to sign the rental agreement. Have them put up an extra security deposit in case they damage the house or move out without a thirty day notice.
Make is clear to them that if one person moves out, the other two will be held accountable for the monthly rent. They can not just move a person in to take that person place, they have to go through the same process before you will accept a new rental agreement.
I had a situation where three girlfriends moved into a large two bedroom apartment. They had a month to month rental agreement. One girl left because she moved into her boyfriend's place. The remaining two said that they could only pay 2/3 of the monthly rent. I refused the 2/3 rent and had to start eviction process.
They decided to move and the extra security deposit that I had requested before they moved in covered the past due rent and cleaning fees. The balance due was $123, and all three paid their 1/3 to keep this from going to small claims court.
WORDS OF WISDOM-HAVE THEM TO PAY THE WATER, GAS, AND ELECTRIC TY.
Sometimes friends become ex-friends when it comes to money.
2007-05-22 13:52:37 · answer #3 · answered by D S 4 · 0⤊ 1⤋
OK , let's assume that you had originally intended to rent to a family - RIGHT? you may be able to come back to them stating that they will cause above average usage do to three adult males being on site, hence you will have larger expenses in the form of the utilities - water, sewage and trash - and any of the others you may have to pay. You would be able to raise your rent based upon that argument - this is legal and correct -
OH and dumb asses - discrimination is from the Equal Housing Act and no where in there does it say a thing about the Military and your not being able to rent to some one because of that - if you choose to raise the rent because they are black, gay or Jewish - then yes your discriminating - not if they are jar head's - get it? Got it? Good.
2007-05-22 13:36:34 · answer #4 · answered by Xerxes 2 · 0⤊ 0⤋
It's not really discrimination, but a misplaced fear. Rent is for use. The deposit is for excess wear and tear.
What you should be more concerned about is what happens if they are suddenly deployed elsewhere. State law may allow them to terminate the lease early in that case, without penalty. Find out what the rules are where you are.
2007-05-22 13:27:55 · answer #5 · answered by open4one 7 · 1⤊ 0⤋
Hey, they will br GREAT!
No disasters in the kitchen.
No pets!
Sngle men make great renters.
2007-05-22 14:23:33 · answer #6 · answered by Anonymous · 0⤊ 0⤋