Landlord Question and Answer Forum
How to handle lease agreement when three friends want to rent my house and share expenses as roommates.
Is it a good idea?
Sue B, CA on Thursday, September 27, 2012
RE: lease agreement
It can be okay. Just make sure ALL tenant's names are on the lease.
Posted by
Dawn A, WI
on
Thursday, September 27, 2012
RE: lease agreement
I think you also want to make sure that the tenants are joint and severally liable for the rent.
This means you can pursue any or all of them individually for the entire amount owed. It is up to them to work out between themselves how to split the costs.
Posted by
Michael K, GA
on
Wednesday, October 3, 2012
Author:
Wilfred C, NJ
Updated:
04/03/2019
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K2 V, CA
Updated:
04/03/2019
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Jaspreet D, VA
Updated:
06/17/2015
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Trevor R, IL
Updated:
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Updated:
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