What is the name of your state? GA
Both me and vacation home are located in Georgia. I'm letting a room to 1-2 people (each with their own room) in my furnished vacation home, and would like to get some insight on whether it is legal to include the following in my agreement:
"II. The length of lodging shall be from May 10, 2008 to August 10, 2008. After such time, tenancy shall be at-will, on a week-to-week basis. The resident-owner [that would be me] shall have the right to terminate lodging for any default of roommate excepting non-payment of weekly fees by providing 7-days oral or written notice to roommate(s). Termination of lodging for any other reason shall require fourteen (14) days advance written notice from all parties."
1.The fees are due on a weekly basis (can be paid monthly), and I'm requiring a 2-week deposit. I don't know if I use "rent" instead of "fees" whether this will change the tone of the "lodging" agreement.
2. I'm wondering if since the rooms are furnished and I live there, plus all utilities are paid by me, I have more flexibility with these roommates. I'm just trying to hedge the mortgage, but don't want too much risk exposure if the above is not lawful.
2(a) some are asking if it is possible that I can leave their room unfurnished for them to bring some of their own items. Will these expose me to greater liability with how they are perceived (boarders or licensees vs. tenants). I want to create the best environment for me to be able to ask any problem lodgers to leave within 7 days.
3. The roommate(s) are also subject to house rules as it pertains to guests, noise, and cleanliness. I am also limiting use of common elements as most applicants are just wanting to let a room. Is that ok? I've had that challenged with a past roommate after she moved into this home and just want to make that clear.
4. Also, the security deposit is being held in a paypal account. If this is documented by my brokerage firm, can this qualify as an escrow account if only security deposits are being held there? I'm also subject to license law.
How can I play this?