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My wife and I were living in an apartment in Scottsdale

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Arizona. Our business is also...
My wife and I were living in an apartment in Scottsdale Arizona. Our business is also located in Scottsdale. We are now moving out of the country yet wish to keep the apartment as more or less a corporate apartment.
We've allowed one of the company employees to live there and we plan to reserve the other bedroom for ourselves when we come to visit the office one every month or two.
Would it be fair to call this now a business apartment? Can we pay the costs out of the business? If we didn't keep this $1000 monthly expense we may incur at least that amount or more in hotel fees during our regular visits.
Submitted: 2 years ago.Category: Legal
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Answered in 2 minutes by:
3/3/2016
Lawyer: Loren, Attorney replied 2 years ago
Loren
Loren, Attorney
Category: Legal
Satisfied Customers: 37,869
Experience: 30 years experience representing clients.
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Good morning. I am Loren, a licensed attorney, and I look forward to assisting you.

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Lawyer: Loren, Attorney replied 2 years ago

Is the tenant on the lease listed as you and your wife, personally, or the business?

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Customer reply replied 2 years ago
Currently we are all personally on the lease but that could probably be amended. However, the lease will still of course require the names on it and agreement to tenancy terms, etc
Lawyer: Loren, Attorney replied 2 years ago

In order to be used as a corporate apartment the lease will need to be amended to show the business as the tenant and it must be used for "business purposes". You can be guarantors personally, but the tenant of record must be the company.

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Lawyer: Loren, Attorney replied 2 years ago

Did you have further questions? Have I answered your question?

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