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Re: would you rent to these prospective tenants?
by Anonymous
on May 23, 2017 @08:15
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You need to ask your insurance company about this "adult living home". I bet they will tell you you need to buy extra insurance.
Also...make super sure that the tenant has prepaid insurance...you are named, and it must be renewed each year 2 months before the end of the lease...or the lease terminates and tenant must move. Also...look to be certain that the insurance company that write the renters insurance specifically covers liability from the tenants business. Yes, I think if you collect money for a service..it is a business. It might be a non-profit or a DBA, but still a business.
Be careful. Make sure your have good, complete insurance coverage on this one,
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