It is all in how you write a contract. There are these people who go to school 3 extra years and get paid a lot of money that write them all the time, you might need to call one to have them write it for you. If you aren't going to be present you should require a generous security deposit, but it is ridiculous to make it for the replacement cost of your entire place and more apt to make it for a less than half of it actual present (used) value. If you make it for too much you will likely not get any takers. If you plan to be one of the roommates it is ridiculous to require any extra deposit unless you want your renter to make you put up a deposit on his stuff. Good Luck
by linkus86 - 18 hours ago
You can write up a simple contract that identifies the items being rented, the duration of the rental and the amount being charged. You need to hold a cash deposit large enough to cover the cost (used) of the items being rented. The contract should note you will with hold the repair cost of any item returned in a damaged manner and/or will return the entire deposit upon return of the undamaged property. Good Luck
by Bill - 18 hours ago
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