Question 1: "I have a rental in Calgary that two people rented together. They are six months into a 12 month lease and now one of my tenants wants to sublease their side of the rental agreement. What do I need to do? Do I terminate the last agreement and do a whole new one with the two new tenants or do I get them to put a letter together?"
Question 2: "I have a high end house that I am renting out. A self-employed renter expressed interest and he wants to apply using his corporation name on the lease. Is this a good idea? I know how to qualify individuals (application, pull credit, references, income verification, etc.) but how can I qualify a corporation? They say it has been in operation for 15 years. Any tips you can provide?"
For the answers: "Ask an Expert with Sherilynn Milsom" on the REIN Insider blog