Quote:
Originally Posted by Euro7r
For rent out to say close friend or family member, do you guys still prepare a RTA form to make it "official/legit", or do some of you just write out a simple terms on paper with the basics and just sign off type deal? Have family member that doesn't know lick of English, and want to rent out to family friend kid. I just said just write out basic shit on a piece of paper in your own language LOL. Never been in such situation, so thought I ask if there's any "cons" in doing that.
|
When we went to Europe we had a friend stay at our place for 4 months and we had her fill out an entire RTA agreement as well as signing off on addendums.
What you’re doing with your family member there is basically just the most absolute basic agreement possible under the tenancy act. I looked into this before as our neighbour rented his place based on a hand shake and cash every month and even a verbal agreement with nothing in writing is to be assumed as the basic RTA