New landlord wants cash only, and has also asked us to draft lease agreement.
Bear with me on this one.
Myself, wife, and 6 year old are currently living in a duplex on a quiet street in CA (renting thru a property management company). Our son plays with the grandkids of an older couple that lives right up the street. In talking with them, we expressed a desire to move and they mentioned that the lady who owns their property, and the house next to theirs, is going to be renting out the vacant house next to them, and put us in contact with her.
Owner is a nice older lady, and the house is bigger than our current one and doesn't require a huge move, and is literally 150 feet away from our current place. So we put in an application and she approves us. Easy-peasy. We start the move in process on in October.
Today, she asks that we pay rent and deposit in cash only. Furthermore, she asked us to draft the lease agreement, rather than her giving it to us. Obviously I know there's a couple red flags there. But the couple next to us have been at the place she also owns for almost 10 years and have mentioned that she is super chill and have had no issues with her.
I honestly think it's more of a situation of an old lady not wanting the hassle of dealing with banks, checks, etc. So I'm not particularly concerned about paying in cash in this instance.
However, i also want to protect me and my family as best I can. I don't think she's trying to do anything shady necessarily, otherwise I don't think she'd have her new tenants draft up the lease agreement.
I guess my question is...what should we put in the lease agreement thst ensures we're protected, should anything happen? I'm definitely going to want a record kept of when we pay rent, but what other things should we put in there to protect ourselves?