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Old 02-23-2010, 02:37 PM   #1
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Owner occupied rental agreement ?


I am in need of a rental agreement that takes into account the owner (me) being on the premises. I have two extra bedrooms and have a roommate for one room and a potential roommate for the other but I would like to have something official to keep everyone on the up and up and have some sort of legal fall back if I need it (knock on wood i don't.) I have found quite a few lease / rental agreements on the internet but they all assume that the lease does not include the owner living there.

Any current or former landlord's have advice regarding this?

Thanks!

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Old 02-23-2010, 05:19 PM   #2
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Owner occupied rental agreement ?


what difference would owner occupancy make? You simply need an rental agreement for the bedroom and what ever other inclusions you want to allow and restrictions on what you do not want to allow.

I wanted to add:

you need to include things like term of lease, amount of time for terminating the lease, security deposit, and a thousand other things. You would be served best by researching your states landlord tenant laws so you know what you can and cannot do as a landlord.

http://www.lrc.ky.gov/krs/383-00/chapter.htm

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Old 02-23-2010, 06:01 PM   #3
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Owner occupied rental agreement ?


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Originally Posted by nap View Post
what difference would owner occupancy make? You simply need an rental agreement for the bedroom and what ever other inclusions you want to allow and restrictions on what you do not want to allow.

I wanted to add:

you need to include things like term of lease, amount of time for terminating the lease, security deposit, and a thousand other things. You would be served best by researching your states landlord tenant laws so you know what you can and cannot do as a landlord.

http://www.lrc.ky.gov/krs/383-00/chapter.htm
I don't know if being owner occupied affects anything or not - hence the question.

Thanks for the link - I never would have thought of some of those things

and as an interesting side-note: kentucky apparently still accepts sharecropping as a legitimate form of rent payment

Last edited by cellophane; 02-23-2010 at 06:06 PM.
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Old 02-23-2010, 08:31 PM   #4
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Owner occupied rental agreement ?


it doesn't that I am aware of other than the tenants know how to get hold of the LL at 3 in the morning when the toilet gets plugged
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Old 02-23-2010, 08:43 PM   #5
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Owner occupied rental agreement ?


I just signed something like that this week to rent a room near my house while the renovation is ongoing. It has 5 pages of single print terms. Lady got it from some legal documents website. When I get my copy of it I'll let you know what site it was from.
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Old 02-24-2010, 01:50 PM   #6
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I just signed something like that this week to rent a room near my house while the renovation is ongoing. It has 5 pages of single print terms. Lady got it from some legal documents website. When I get my copy of it I'll let you know what site it was from.
thanks!

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