How can I safely rent out my house long-term?
November 2, 2013 7:47 AM Subscribe
I have a house I don't use and want to rent it out to an eager family but am a complete novice. What's a good resource for ready-made contract agreements for this? Or should I go to a lawyer and get something drafted up?
posted by mateuslee to law & government (12 answers total) 4 users marked this as a favorite
It's a simple situation. I have a house that someone gave me (ok, not completely true but close enough). I don't live there. I don't intend to live there. I listed it for ha-has on a website ("Sabbatical Homes") because it's in a university city. I received a response from someone who contacted me outside the website (to avoid paying the fees associated with leaving messages, etc.) They want to take a look at it and, if they like it, sign a contract, make a deposit, and rent it out.
They are a friendly couple with a baby.
The idea is simple: They pay $X/mo for a six month lease with option of renewal. They also make a deposit.
How can I protect myself from being sued or from somehow screwing this up? I'm a total novice here. Also: I live in another country from my house (which is in the US). But my brother will help take care of the day-to-day.