Rentals in Atlanta>Question Details

umentionit, Home Buyer in Atlanta, GA

Should I let a friend of a friend live in my cabin for 2 months for free. She lost her house to forclosure, after she fought it for 2 years

Asked by umentionit, Atlanta, GA Mon Feb 4, 2013

What is the best paperwork agreement to avoid a future expensive eviction?

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We generally don't recommend renting or to friend unless you can afford to do it as charity.
0 votes Thank Flag Link Wed Feb 6, 2013
Good advice below. It is like lending money to a friend or relative. If you are not paid back consider it a gift. it is not worh the relationship to sue to collect. You need to decide how good a friend this is. It does not sound like there is residency plan for the end of 2 months. She apparently lived somewhere else for free for 2 or more years. If she didn't save some money to pay you, she won't have money to move out of your place. Plan on a longer term stay.

Bruce
0 votes Thank Flag Link Tue Feb 5, 2013
In order to best protect yourself, consider having an attorney draft an agreement in writing....
0 votes Thank Flag Link Tue Feb 5, 2013
Everything we do in life involves risk. Identify the risks associated with this (obviously you know there are some, or you wouldn't be asking the question) and weigh them against the benefits. Helping others is very worthwhile, especially friends and family, but make sure the benefits of your Samaritan behavior outweigh the risk. If this person entered an agreement with a bank and failed to meet her obligations (thus the foreclosure), there may be more risk involved. Maybe there were events beyond her control? All questions and considerations you need to look at and weigh out. Best of luck...Jim
0 votes Thank Flag Link Tue Feb 5, 2013
Even if you decide to let her live for free, you would still want a written rental agreement, just in case things go bad and you still need to charge her some nominal amount and a deposit.

This are suggestions and thoughts, consult a local Realtor and attorney prior to making your decisions.

Best of Luck
0 votes Thank Flag Link Tue Feb 5, 2013
She should pay you at least a dollar. And you should have a written contract, probably a lease, setting out exactly what she is responsible to pay, what your responsibilities are, when she will take possession and when, exactly, she will vacate. I normally would not recommend a lease between friends at all, it's a good way to lose a friend, but if you really want to help this person, just make sure everyone is protected in writing, and knows exactly what they can and cannot do and exactly what is expected of them. The agreement can always be amended at a later time but you need clarity if you are going to do this.
0 votes Thank Flag Link Tue Feb 5, 2013
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