lease wording - shared apartment

[jd-science.livejournal.com]

I'm co-owner of a property. The other owners live out-of-state, but I continue to live in the apartment, sharing with roommates (who are tenants, not owners). I'm not sure how to deal with the lease situation. If I only have the tenants on the lease, then I have no legal grounds to live in the apartment, right? But if I'm on the lease, does that mean I'm my own tenant, and I need to list myself as paying myself rent?

Any advice on this, or pointers to resources, would be appreciated. Thanks.

Comments

[narya.livejournal.com]

I did this (minus the out-of-state additional owners) but don't remember what we put on the lease.

I would advise you to just pay for an hour of a lawyer's time. Take a standard lease with you and ask him/her how you should modify it for your situation. I liked Neal Berman (on College Ave) but I don't know if he's still around.

[narya.livejournal.com]

Also, make sure you understand the implications of section VI here:
http://www.somervillema.gov/CoS_Content/documents/Tenant%20Helper%20-%206th%20Edition.pdf

[thetathx1138.livejournal.com]

Seconded: DSLJ is no replacement for a lawyer. ANYTHING people tell you here you need to run by somebody you're paying to catch problems.