Barter for rent
I own a small 5 unit rental property and would like to have someone live in one of the units and act as a handyman to take care of the rest of the place. Can I legally do this?
1 Answer from Attorneys
Re: Barter for rent
You can, but you should be careful how you do it. As with your other tenants you should have a standard lease, but then also a separate agreement as to services expected instead of rent. You need to ensure that you are getting enough value from his services, but not requiring too much work for the amount of rent. Having this in writing will ensure that you both are fully aware of the arrangement, and hopefully avoid problems later on.
I would recommend having an attorney draft or at least review the agreement.
Related Questions & Answers
Rental Question My daughter rented an apartment with a roommate, the roommate moved... Asked 11/21/08, 3:41 pm in United States Maine Landlord & Tenants
Security deposit return i broke my lease for a medical reason, notified my landlord... Asked 8/07/07, 12:27 pm in United States Maine Landlord & Tenants
Commercial tenant Hi, I'm leaseing a building and turned it into a restaurant, I... Asked 6/02/07, 2:19 am in United States Maine Landlord & Tenants
What does this mean? I am about to sign a year long lease on a home for rent. The... Asked 4/30/07, 12:39 pm in United States Maine Landlord & Tenants
Lease Question I rented a home to a woman in 2005. She subsequently broke the lease,... Asked 4/25/07, 2:32 pm in United States Maine Landlord & Tenants